During 2020 KIWI Company had the following transactions related to current liabilities. Date Transaction description May 1 Borrowed $300 from ABC Co by signing an 11-month, 10% note. Dec 1 Received an advance payment of $600 from Moon Co. for a service to be performed in 4 months Dec 31 $300 worth of services were performed for Moon Co.. Dec 31 Prepared adjusting entry to record interest for note issued to ABC Co. Required: Prepare the journal entries for the above transactions (16 points)