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Required: 1. Record the purchase of equipment with down payment of $100,000 and the installment note of $600,000 on January 1, 2024. 2. Record

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Required: 1. Record the purchase of equipment with down payment of $100,000 and the installment note of $600,000 on January 1, 2024. 2. Record the first payment of $81,905.88 on March 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 Record the purchase of equipment with down payment of $100,000 and the installment note of $600,000 on January 1, 2024. Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit

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