Bramble Construction Ltd. borrowed $210,000 from Atco Finance Ltd. on October 1, 2020, by issuing a nine-month note payable at 4% interest payable at maturity. Both companies have a December 31 year end and make adjusting entries annually. (a) Your Answer Correct Answer Your answer is correct. For Bramble Construction, record (1) the receipt of the $210,000 cash and the issuing of the note payable on October 1, 2020: (2) the accrual of interest on December 31, 2020; and (3) the payment of the note and interest on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Datel Account Titles and Explanation Oct 1, 2020 Cash Notes Pavable Debit 210000 Credi For Atco Finance, record (1) the payment of the $210,000 cash and the receipt of the note receivable on October 1, 2020; (2) the accrual of interest on December 31, 2020; and (3) the collection of the note and interest on July 1, 2021. (Hint: Atco Finance uses a Notes Receivable account to record its loans.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date Oct. 1,2020 Dec. 31,2020 July 1, 2021 V Account Titles and Explanation July 1, 2021 (To record interest) Debit Credit