s $42,000 by agreeing to a 5%, four-year note with the bank. The fund will be used to On J 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. 1, 2018. Tropical Paradise b m purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $967 23 are due at the Round your final answers to 2 decimal places.) Journal entry worksheet Record the issuance of a note payable January 01 2018