Danali Corporation borrowed $380,000 on October 1. The note carried a 11 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. View transaction list Journal entry worksheet Prepare the journal entry to record the note on October 1. Note: Enter debits before credits. October 01 Danali Corporation borrowed $380,000 on October 1. The note carried a 11 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 "Nojournal entry required" in the first account field. View transaction list 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. December 31