Actividad 2: Note payable On October 1, 20x1 Cooper Company borrows $160,000 from Popular Bank by signing a 6-month, 8%, interest-bearing note. Instructions: Prepare the necessary entries below associated with the note payable on the books of Cooper Company. 1. Prepare the entry on October 1 when the note was issued. 2. Prepare any adjusting entries necessary on December 31. Assume no other interest accrual entries have been made. 3. Prepare the entry to record payment of the note at maturity. 4. Show calculations.

Need calculations for this exercise.