Bonita Ltd. needed funding to bridge the gap between paying its suppliers and collecting its receivables. As such, Bonita issued a $320,000, four-year, 4% note at face value to Easy Loan Bank on January 1, 2020, and received $320,000 cash. The note requires annual interest payments each December 31. Prepare Bonita's journal entries to record the note issuance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Credit enter a debit amount enter a credit amount Account Titles and Date Explanation Jan. enter an account title for 1, the journal entry on 2020 January 1 enter an account title for the journal entry on January 1 enter a debit amount enter a credit amount Prepare Bonita's journal entries to record the December 31, 2020 interest payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Account Titles and Date Explanation Dec. enter an account title for 31, the journal entry on 2020 December 31 enter a debit amount enter a credit amount enter an account title for the journal entry on December 31 enter a debit amount enter a credit amount