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Exercise 9-2 (Static) Record installment notes (LO9-2) On January 1, 2024, Tropical Paradise borrows $50.000...

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Exercise 9-2 (Static) Record installment notes (LO9-2) On January 1, 2024, Tropical Paradise borrows $50.000 by agreeing to a 6%, sax-year note with the bank. Loan payments of $82864 are due at the end of each month with the first installment due on January 31,2024 . Required: Record the issuance of the installment note payable and the first two monthly payments. (Do not round intermediote calculotions. Round your final answers to 2 decimal ploces. If no entry is required for a porticular transoction/event, select "No Journal Entry" Required" in the first occount field.) Journal entry worksheet 3 Journal entry worksheet Record the first monthly payment. Note: Enter debits before credits. Journal entry worksheet Record the second monthly payment. Note: Enter debits before credits

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