1. Two Parts Assume that Donkey Corp lends $12,000 to an employee on October 1, 2020, by creating a note that required that the employee pay the principal and 10 percent interest on September 30, 2021. Assume that the company makes adjusting entries only at year-end on December 31. 1. Record the creation of the note. 2. Record any necessary end-of-period adjusting entry to be made at the end of 2020. 3. Record the receipt of interest and principal on September 30, 2021 Date Debit Credit Effect The following transactions are typical operating activities for Donkey Corp, a bike rental company. Indicate the amount of expense, if any, that should be recognized in June for each activity using the accrual basis of accounting. + Amount of Operating Activity Expense in June In June, Donkey Corp paid $6,000 for insurance for July- December In June, Donkey Corp paid $1,000 wages to employees who worked in June. In June, Donkey Corp used $100 of electricity to be paid in July