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S. PE.14-08.ALOO (Algorithmicy Journalizing Installment Notes On the first day or the nscal year, a company issues $39,00010%, four-year installment notes that have annual payments

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S. PE.14-08.ALOO (Algorithmicy Journalizing Installment Notes On the first day or the nscal year, a company issues $39,00010%, four-year installment notes that have annual payments of $12,303. The first note payment consists of $3,900 of interest and $8,403 of principa repayment. a. Journalize the entry to record the issuance of the installment notes first annual note payment. For a compound transaction, if an amount box does not b. Journalize the require an entry, leave it blank. Pa

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