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7. (16 points) On November 1, Casey's Snowboards signed a $12,000, 90-day, 5% note payable to cover a past due account payable. a. Prepare Casey's

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7. (16 points) On November 1, Casey's Snowboards signed a $12,000, 90-day, 5% note payable to cover a past due account payable. a. Prepare Casey's journal entry to record the issuance of the note payable. b. Prepare Casey's adjusting journal entry at the end of the year c. Prepare Casey's journal entry to record the payment of the note on January 30th of the following year. You may omit explanations. Date Account Titles and Explanations Debit Credit 3 04 25 26 27 28 29 30 31

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