1 Ontario Resources, a natural energy supplier, borrowed $80.5 million cash on November 1, 2021, to fund a geological survey. The loan was made by Quebec Banque under a short-term financing arrangement. Ontario Resources issued a 6-month, 12% promissory note with interest payable at maturity. Ontario Resources' fiscal period is the calendar year. 13 points Required: 1. Prepare the journal entry for the issuance of the note by Ontario Resources. 2. & 3. Prepare the appropriate adjusting entry for the note by Ontario Resources on December 31, 2021 and journal entry for the payment of the note at maturity. 8 02:59:45 Complete this question by entering your answers in the tabs below. eBook Req 1 Req 2 and 3 Prepare the journal entry for the issuance of the note by Ontario Resources. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars, not in millions.) View transaction list Journal entry worksheet