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3. Saskatoon Supermarket Company borrowed $72,000 on July 3, 2021, by issuing a note payable for 120 days at 6%. The company's year-end date

3. Saskatoon Supermarket Company borrowed $72,000 on July 3, 2021, by issuing a note payable for 120 days at 6%. The company's year-end date is August 31, 2021, and they do not make reversing entries. Record journal entires for the following (6 marks): a) the issuance of the note on July 3, 2021 b) the adjusting entry on August 31, 2021 c) the payment of the note on ? Q3 Short term note payable Calculation Space: General Journal Date Account Title & Explanation Debit Credit

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