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Please help fix this table value: 5.55 polnts Exercise 9-2 Record installment notes (LO9-2) On January 1, 2018, Tropical Paradise borrows $50,000 by agreeing to

image text in transcribedPlease help fix this table

value: 5.55 polnts Exercise 9-2 Record installment notes (LO9-2) On January 1, 2018, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $828.64 are due at the end of each month with the first installment due on January 31, 2018 Required Record the issuance of the installment note payable and the first two monthly payments. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Answer is not complete No Date General Journal Debit Credit January 01, 2018 Cash 50,000.00 Notes payable 50,000.00 January 31, 2018 Interest expense 250.00 Interest payable 250.00 February 28, 2018 Interest expense 828.64 Notes payable 828.64

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