2nd and 3rd Journal Entries

• Record the appropriate adjusting entry for the note by Dual Systems on December 31, 2021.
• Record the payment of the note by Dual Systems at maturity on April 30, 2022.

On November 1, 2021, Dual Systems borrows $100,000 to expand operations. Dual Systems signs a six-month. 99 promissory note. Interest is payable at maturity. Dual System's year-end Is December 31. 1., 2. & 3. Record the following transactions for the note payable by Dual Systems. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) View transaction lat Journal entry worksheet Record the issuance of the note by Dual Systems. Note: Enter debits before credits General Journal Debit Credit Date Nov 01, 2021 Record entry Clear entry View general Journal