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2.LO 8.3 Hop-Flop Inc. has the following accounts listed in its ledger: Cash > Interest Expense > Notes Payable Interest Payable On June 1, 2021.

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2.LO 8.3 Hop-Flop Inc. has the following accounts listed in its ledger: Cash > Interest Expense > Notes Payable Interest Payable On June 1, 2021. Beerboloaned Hop-Flop Inc. $10,000 at 6% annual interest. The journal entry Hop-Flop recorded was as follows: DR. Cash $10,000 CR. Notes Payable ..$10,000 Assume interest is calculated on a monthly basis and is to be paid (by Hop-Flop) at the maturity date (last day of the final month). Assume also that Hop-Flop has a December 31 fiscal year-end. For each scenario below, answer the questions from Hop-Flop's perspective. 2.a. The note's term was 3 months (due at the end of the final month). 2.a.i.Fill in the information below: Interest incurred in 2021 Interest incurred in 2022 $ Total interest incurred over the note's term $ $ 2.a.ii. What is the journal entry at the maturity date? (leave cells blank as necessary) ACCOUNT DR ($) CR ($) 2.b. The note's term was 6 months (due at the end of the final month). 2.b.i.Fill in the information below: Interest incurred in 2021 Interest incurred in 2022 $ Total interest incurred over the note's term $ QUESTION 3 P.2.a.li. The journal entry at the maturity date would require a to Notes Payable for $ (Use the drop-down options, select "blank)" if zero or no input is necessary) QUESTION 4 P.2.a.ii. The journal entry at the maturity date would require Hop-Flop to (Use the drop-down options, select "blank)" if zero or no input is necessary) Interest Receivable for $ QUESTION 5 P2.b.ii. The journal entry at the maturity date would require a to Interest Expense for $ (Use the drop-down options, select "(blank)" if zero or no input is necessary) QUESTION 6 P2.b.l. The journal entry at the maturity date would require Hop-Flop to (Use the drop-down options, select "(blank)" if zero or no input is necessary) Interest Receivable for

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