September 4: You purchase a vehicle for your business for $55,000 and finance the vehicle at a rate of 5% for 6 years. First monthly payment is due on October 4. You will need to create a loan amortization schedule to determine the amount of the monthly note and the interest expense for each month. When recording journal entries, round all amounts to the nearest dollar.

Recording Purchase:

9/4/2018	Vehicles	55000
	Notes Payable (long-term)		55000

9/30/18 You accrued interest on the note. Accrue interest based on the number of days in the month (verified as correct):

9/30/2018	Interest Expense	191.00
	Interest Payable		191.00

The question is to journal these:

10/4 You make the first monthly payment to Pig E Banks by issuing check #106.

10/30 You accrued interest on the Pig E. Bank note. Accrue interest based on the number of days in the month.