Aulman Products, Inc. borrowed $570,000 by issuing an 8-month note on June 1 of the current fiscal year. The note is due on February 1 of the following fiscal year. The short-term note carries a 5% annual interest rate with interest due at maturity. The company's fiscal year ends on December 31. Prepare the journal entries on June 1 and December 31 of the current year. Prepare the journal entry to record the note payable on June 1. (Record debits first, then credits. Exclude explanations from any journal entries.) Account June 1 (current year)