Stintson Company recently agreed to loan an employee $100,000 for the purchase of a new house. The loan was executed on May 31, 2017, and is a one-year, 6 percent note, with interest payments required on November 30, 2017, and May 31, 2018. Stinson issues quarterly financial statements on March 31, June 30, September 30, and December 31. 

Required: 

1. Prepare the journal entry that Stinson will make when the note is established. 

2. Prepare the journal entries that Stinson will make to record the interest accruals at each quarter-end and interest payments at each payment date. 

3. Prepare the journal entry that Stinson will make to record the principal payment at the maturity date.