Assignment due on Wednesday 10/19 55 points Part I 10 points each Journalize the following transactions on the attached journal (Make sure to list the date it was paid and show interest calculation) 1. Assume on August 12022 a company borrows $50,000 for five years at an annual interest rate of 5%, and rather than paying the account off on the due date, the company requests an extension and converts the accounts payable to a note payable. 2. They request a 12% interest rate on a 60 -day note that they pay on time 3. Assume on Jan 12022 a company borrows $50,000 for five years at an annual interest rate of 5%. 4. Assume the company borrows $10,000 at 8% of for half of a year (January 1 through June 30). Assignment due on Wednesday 10/1955 points Part I 10 points each Journalize the following transactions on the attached journal (Make sure to list the date it was paid and show interest calculation) 1. Assume on August 12022 a company borrows $50,000 for five years at an annual interest rate of 5%, and rather than paying the account off on the due date, the company requests an extension and converts the accounts payable to a note payable. 2. They request a 12% interest rate on a 60 -day note that they pay on time 3. Assume on Jan 12022 a company borrows $50,000 for five years at an annual interest rate of 5%. 4. Assume the company borrows $10,000 at 8% of for half of a year (January 1 through June 30)