Question 18 (2.5 points) Use the following information for the FOUR questions. (2 of 4) On January 1, 2020, Carson Inc. borrows $20,000 cash from the bank to finance a delivery truck. They sign a 10% installment note. The note requires three annual installments due each December 31, beginning on December 31, 2020. (Round all answers to the nearest dollar if necessary.) The journal entry to record the first loan payment includes a debit to Note Payable for: O $6,042 $4,667. $2,000. $1,940. Previous Page Next Page Next Page Page 18 of 40