During the financial year ended 31 December Lee Corporation engaged in the following transactions involving notes payable. 1 July Borrowed $20,000 from Weston Bank, signing a 90-day, 12 percent note payable. 16 Sept. Purchased office equipment from Moontime Equipment. The invoice amount was $30,000, and Moontime agreed to accept, as full payment, a 10 percent, three month note for the invoice amount Oct. Paid Weston Bank the note plus accrued interest. Dec. Borrowed $100,000 from Jean Will, a major corporate shareholder. The corporation issued Will a $100,000.9 percent, 120-day note payable. Dec. Purchased inventory in the amount of $10,000 from Listen Corporation. Listen accepted a 90-day 12 percentnote as a full settlement of the purchase. L Corporation uses a perpetual inventory system. 16 Dec. The $30,000 note payable to Moontime Equipment matured today. Lee paid the accrued interest on this note and issued a new 60-day, 16 percent note payable in the amount of $30,000 to replace the note that matured. a Prepare journal entries in general joumal form) to record the above transactions. Use a 360-day year in making the interest calculations. (Omit the "s" sign in your response.) General Journal Debit Credit Date 20xx 1 July (Click to select (Click to select 16 Sept (Click to select (Click to select 1 Oct (Click to select (Click to select (Click to select) 1 Dec. (Click to select) (Click to select) 1 Dec. (Click to select) (Click to select 16 Dec. (Click to select) (Click to select (Click to select) (Click to select) b. Prepare the adjusting entry needed at 31 December prior to closing the accounts. Use one entry for all three notes. (Do not round intermediate calculations and round your final answers to the nearest dollar amount. Omit the "$sign in your response.) Debit Credit Date General Journal 31 Dec. (Click to select) (Click to select)