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2. VanVleet Ltd. is a high-end landscaping company that sells many exotic plants in addition to their services. Spring and summer are their busiest seasons.

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2. VanVleet Ltd. is a high-end landscaping company that sells many exotic plants in addition to their services. Spring and summer are their busiest seasons. Each winter VanVleet chooses their exotic plants from a variety of vendors and places their order to ensure delivery of this inventory at the start of the spring season. As many of VanVleet's customers purchase goods and services on account VanVleet is often short of cash each summer. As a result, the company borrowed $1,500,000 on April 1, 2020 and signed a 6% interest-bearing note for six months. VanVleet's year end is June 30. Required: a) Record the journal entry to record the note on April 1, 2020. b) is an adjusting entry needed on June 30, 2020? If so, prepare it. c) Record the journal entry to record payment of the note and related interest on September 30, 2020

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