3. Information relating to the XYZ Company at the end of 2018. The accounting period is the calendar year. 1. Employees are paid every Friday for the five-day week ending on that day. Salaries amount to $6,000 per week. The accounting period ends on a Wednesday. 2. A note for 10,000 was received from a customer in a sales transaction on July 1, 2018. The note matures in one year and bears 9% interest. 3. On November 1, 2018, XYZ borrowed $10,000 cash by signing a note payable due in one year at 8% interest. Instructions (20 pts) Using the information given above, prepare the necessary adjusting entries at December 31, 2018