beyda ozhan 06/13/ E Homework: Homework 2 Question 1, CP11-35 Continuing Problem (similar to) Part 1 of 3 Draper Conting pararmic systems conscating and also sale sccounting somware. Draper Constang Cows a company will need to borrow $1,200,000 in order to expand operations. Draper consults the bank and secures a 9% six-year note on March 1, 2017. Draper must pay the bank principal in six equal installments plus interest annually on March 1.1 Requirements HW Score: 0%, 0 of 4 points O Points: 0 of 1 1. Record the $1,200,000 note payable on March 1, 2017. 2. Record the entry to accrue interest due on the note at December 31, 2017. 3. Record the entry Draper would make to record the payment to the bank on March 1, 2016. Requirement 1. Record the $1,200,000 note payable on March 1, 2017. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2017 Mar. 1 uirement 1. Record the $1,200,000 note payable on March 1, 2017. (Record debits first, then credits. Select the explanation on the la Accounts and Explanation Date Debit Credit 2017 Mar. 1 Accounts Payable Accounts Receivable Help me so Accumulated Depreciation-Equipment Accumulated Depreciation-Furniture Cash Cost of Goods Sold Depreciation Expense-Equipment Depreciation Expense-Furniture Equipment Furniture Interest Expense