Brothers Herm and Steve Hargenrater began operations of their tool and die shop ( H&H Tool) on January 1, 1987, in Meadville, PA. The annual reporting period ends December 31. Assume that the trial balance on January 1, 2023, was as follows: Transactions during 2023 follow. All dollars are in millions, except per share amounts: a. Borrowed $20 cash on a 5 -year, 6 percent note payable, dated March 1, 2023. b. Sold 4 million additional shares of common stock for cash at \$1 market value per share on January 1, 2023. c. Purchased land for a future building site; paid cash, \$18. d. Earned $301 in revenues for 2023 , including $64 on credit and the rest in cash. e. Incurred $103 in wages expense and $40 in miscellaneous expenses for 2023 , with $35 on credit and the rest paid in cash. f. Collected accounts receivable, \$39. g. Purchased other noncurrent assets, \$13 cash. h. Purchased supplies on account for future use, $38. i. Paid accounts payable, $36. j. Declared cash dividends on December 1,$36. k. Signed a three-year $44 service contract to start February 1, 2024. I. Paid the dividends in (j) on December 31. Data for adjusting entries: m. Supplies counted on December 31, 2023, \$29. n. Depreciation for the year on the equipment, \$14. o. Interest accrued on notes payable (to be computed). p. Wages earned by employees since the December 24 payroll but not yet paid, \$16. q. Income tax expense, \$13, payable in 2024 . Journal entry worksheet Record the borrowed $20 cash on a 5-year, 6 percent note payable, dated March 1, 2023. Note: Enter debits before credits. General Ledger Account Brothers Herm and Steve Hargenrater began operations of their tool and die shop ( H&H Tool) on January 1, 1987, in Meadville, PA. The annual reporting period ends December 31. Assume that the trial balance on January 1, 2023, was as follows: Transactions during 2023 follow. All dollars are in millions, except per share amounts: a. Borrowed $20 cash on a 5 -year, 6 percent note payable, dated March 1, 2023. b. Sold 4 million additional shares of common stock for cash at \$1 market value per share on January 1, 2023. c. Purchased land for a future building site; paid cash, \$18. d. Earned $301 in revenues for 2023 , including $64 on credit and the rest in cash. e. Incurred $103 in wages expense and $40 in miscellaneous expenses for 2023 , with $35 on credit and the rest paid in cash. f. Collected accounts receivable, \$39. g. Purchased other noncurrent assets, \$13 cash. h. Purchased supplies on account for future use, $38. i. Paid accounts payable, $36. j. Declared cash dividends on December 1,$36. k. Signed a three-year $44 service contract to start February 1, 2024. I. Paid the dividends in (j) on December 31. Data for adjusting entries: m. Supplies counted on December 31, 2023, \$29. n. Depreciation for the year on the equipment, \$14. o. Interest accrued on notes payable (to be computed). p. Wages earned by employees since the December 24 payroll but not yet paid, \$16. q. Income tax expense, \$13, payable in 2024 . Journal entry worksheet Record the borrowed $20 cash on a 5-year, 6 percent note payable, dated March 1, 2023. Note: Enter debits before credits. General Ledger Account