C&Q Marketing (COM) recently hired a new marketing director Jeff Otos, for its main office. As part of the arrangement. CQM agreed on February 28, 2017, to advance Jeff $120,000 on a one-year, 4 percent note, with interest to be paid at maturity on February 28, 2018. COM prepares financial statements on June 30 and December 31 Required: 1. Prepare the journal entry that CSM will make when the note is established. (If no antry is required for a transaction/event, select "No journal entry required in the first account field) View transaction in Journal entry worksheet