2. On December 1, john's Carpet Service borrows $200,000 from First National Bank on a 3- month, $200,000, 6% note with interest and principal due on maturity. The company's accountant records the interest on the note monthly. Record the journal entries that Steve's Carpet Service makes on (1) December 31 before financial statements are prepared, and (2) March 1 when the note matures. December 31 Journal Entry Account DR CR Interest Payable March 1 Journal Entry Account DR CR