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Calculator Payable and Accrued Interest Chart of Accounts Labels and Amount Descriptions General Journal eneral Journal structions sworth Enterprises borrowed 5486,000 on an 12%, interest-bearing

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Calculator Payable and Accrued Interest Chart of Accounts Labels and Amount Descriptions General Journal eneral Journal structions sworth Enterprises borrowed 5486,000 on an 12%, interest-bearing note on September 30, 2020. Ellsworth ends its Escal year on December 31. The note was paid with interest on March 31, 2021 Required: 1. Prepare the entry for this note on September 30, 2020 2. Prepare the adjusting entry for this note on December 31, 2020, 3. Indicate how the note and the accrued interest would appear on the balance sheet ar December 31, 2020 4. Prepare the entry to record the repayment of the note on March 31, 2021

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