On January 1, 2018 Linberg - Finch signed a $360,000. 9-year, 10% note. The loan required Linberg - Finch to make annual payments on December 31 of $40,000 principal plus interest Requirements 1. Journalize the issuance of the note on January 1, 2018 2. Journalize the first note payment on December 31, 2018 Requirement 1. Journalize the issuance of the note on January 1, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry) Date Accounts and Explanations Debit Credit 2018 Jan 1