Denver Resources, a natural energy supplier, borrowed $80 million cash on November 1, 20x1, to fund a geological survey. The loan was made by Metro Bank under a short-term credit line. Denver Resources issued a 9-month, 12% promissory note with interest payable at maturity. Metros fiscal period is the calendar year. Required: 1) Prepare the journal entry on November 1 for Metro Bank. 2) Prepare the appropriate 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.