4. On December 1, the company borrowed $10,000 on a three-month note payable. Interest on the note is 3% and is payable of the first of each month. Record the journal entries to record the acceptance of this note on December 1; the accrual of interest on December 31, the company' s yearend: the monthly payments for December, January, and February; and the repayment of the note and interest on March 1.