3 Prepare the appropriate journal entries for each of the following transactions in 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) 3. On April 1, Jennifer Company borrows $42,000 from Whispering Winds Bank by signing a 5-month, 5% interest-bearing note (a) Prepare the entry for Jennifer on April 1 when the note was issued. (b) Prepare any adjusting entries necessary on June 30 for Jennifer in order to prepare the semiannual financial statements (c) Prepare the entry to record payment of the note by Jennifer at maturity Date Account Titles and Explanation April 1 Cash Notes Payable June 30 Interest Expense Interest Payable I Debit 42.000 Credit 42000