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15 points Problem rv-HotesPnoble (10 mins) a 10-month, 9% note on July 1, 2018. Royale Company borrowed SSO,000 from Second Bank by signing Prepare all

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15 points Problem rv-HotesPnoble (10 mins) a 10-month, 9% note on July 1, 2018. Royale Company borrowed SSO,000 from Second Bank by signing Prepare all necessary journal entries in good form for the following dates Heference each entry with the corresponding date. SHOW ALL CALCULATIONS. * July 1, 2018-Royale borrows $80,000 . December 31, 2018- Adjusting entry April 1, 2019-Royale pays princpal and interest to Second Bank Account Title Debit Credit

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