Danali Corporation borrowed $270,000 on October 1 . The note carried a 9 percent interest rate with the principal and interest payable on May 1 of next year. Prepare the following journal entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Prepare the journal entry to record the note on October 1 . Note: Enter debits before credits. Danali Corporation borrowed $270,000 on October 1 . The note carried a 9 percent interest rate with the principal and interest payable on May 1 of next year. Prepare the following journal entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Prepare the adjusting entry to record accrued interest on December 31 , the end of Danali's fiscal year. Note: Enter debits before credits