d. On November 1, 2020, Powell, Inc., obtained a six-month working capital loan from Trustworthy Bank. The face amount of the note signed by the treasurer was $300,000. The interest rate charged by the bank was 6%. (1) Write the journal entry for the signing of the note and the receipt of cash. Date Account Name Debit Credit (2) Write the journal entry for the accrual of interest at December 31, 2020. Date Account Name Debit Credit Pedo8 ACCE2110 - Test 3 Revised 2020-12.05.ct aged in (3) Write the journal entry to repay the note when due, May 1, 2021, assuming no other accruals of interest have been made. Debit Credit Date Account Name e. January 1, 2020. Taylor Company is authorized to issue 200,000 shares of common stock. The company issued 10,000 shares of $5.00 par common stock for $15.00 per share. Write the necessary journal entry for the issuance of the stock. Date Account Name Debit Credit f. On September 1, Gray Company purchased 1000 shares of its own 1,000,000 shares of $10- par common stock issued and outstanding in active market where the stock was trading at $40 per share at the time of purchase. Write the necessary journal entry for the purchase of Gray's own stock on September 1. Date Account Name Debit Credit