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On January 1, 2018, Julee Enterprises borrows $30,000 to purchase a new Toyota Highlander by...

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Accounting

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On January 1, 2018, Julee Enterprises borrows $30,000 to purchase a new Toyota Highlander by agreeing to a 6%, 4 year note with the bank. Payments of $704.55 are due at the end of each month with the first installment due on January 31, 2018. Round amounts to the nearest cent. (questions 51-53) 51. Record the issuance of the note payable. 52. Record the first monthly payment. Organize your numbers in an amortization table. 53. Record the second monthly payment

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