Denver Resources, a natural energy supplier, Borrowed $80 million cash on November 1, 20x1, to find a geological survey. The loan was made by Metro Bank under a short-term credit line. Denver Respurces issed a 9 month, 12% promissort note with interest payable maturity. Metro's fiscal period is rhe calendar year.

1) Prepare the journal entry on Nov. 1st for Metro Bank

2)Prepare the appropiate adjusting entry on December 31, 20x1 for Metro Bank. Show Calculations

3) Prepare the journal entry on 8/1/x2(maturity) for Metro Bank. Show Calculations