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PLEASE answer all parts 1) (7 pointe) On Junuary 1, 2022, Royal Compuny borrows 560,000 by agrecing to a 596,4y ear insitallmeni note with the

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PLEASE answer all parts
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1) (7 pointe) On Junuary 1, 2022, Royal Compuny borrows 560,000 by agrecing to a 596,4y ear insitallmeni note with the hank. Payments of 51,381,76 are duce at the end of each month with th intallment due on lenuwry 31. 2022. (a) Recond the iscuance of the note payable. (b) Record the first monthly payment

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