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In: AccountingSeptember 4: You purchase a vehicle for yourbusiness for $55,000 and finance the vehicle at...September 4: You purchase a vehicle for yourbusiness for $55,000 and finance the vehicle at a rate of 5% for 6years. First monthly payment is due on October 4. You will need tocreate a loan amortization schedule to determine the amount of themonthly note and the interest expense for each month. Whenrecording journal entries, round all amounts to the nearestdollar.Recording Purchase:9/4/2018Vehicles55000Notes Payable (long-term)550009/30/18 You accrued interest on the note.Accrue interest based on the number of days in the month (verifiedas correct):9/30/2018Interest Expense191.00Interest Payable191.00The question is to journalthese:10/4 You makethe first monthly payment to Pig E Banks by issuing check #106.10/30 You accrued intereston the Pig E. Bank note. Accrue interest based on the number ofdays in the month.