1. Carlton Banks Inc. borrows a $2,800 note from Lenders Inc. with 18% interest with a 90 day term limit on April 1st, 2018. Make the journal entry required on April 1st: LM Make the journal entry required when the note is paid: -2 2. Debt Inc. agrees to borrow a discount note from Lenders Inc. It is a $18,000; 150 day note with a 12% interest rate. It was borrowed on February 1st. -3 Make the journal entry required on February 1st. 17 Make the journal entry required when the note is paid: 40 19 21