A company borrows $200,000 in the form of a 10-month Note Payable with a 6% interest rate, issued on June 1, 20x1. The principal of the note (plus total interest) is due to be repaid on March 31, 20x2. Prepare the December 31, 20x1 adjusting entry. Account Debit Credit Prepare the journal entry dated March 31, 20x1 for the repayment of the loan and interest. Account Debit Credit