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2. Crunch Company borrowed $28,000 from Bart Company on December 1, 2022 and issued a 4 month, 6% note payable. Required: a) Prepare the

2. Crunch Company borrowed $28,000 from Bart Company on December 1, 2022 and issued a 4 month, 6% note payable. Required: a) Prepare the journal entry on December 1, 2022 for Crunch Company issuing the note. b) Prepare the adjusting journal entry on December 31, 2022. c) Prepare the journal entry on March 31, 2023 for payment of the maturity value of the note.

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