Eskimo Joe'sdesigner of the world's second best- selling T-shirt (just behind Hard Rock Cafe), borrows $21 million cash on November 1, 2021. Eskimo Joe's signs a six-month7% promissory note to Stillwater National Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end

1. prepare the journal entries on November 1, 2021 to record the issuance of the note

2. Record the adjustments on December 31, 2021 for Eskimo Joe's and Stillwater national bank

3. prepare the journal entry on April 30, 2022 to record payment of the notes payable at maturity

Hels Required information The following information applies to the questions displayed below.) 16 Eskimo Joe's, designer of the world's second best-selling T-shirt (just behind Hard Rock Cafe), borrows $21 million cash on November 1, 2021. Eskimo Joe's signs a six-month, 7% promissory note to Stillwater National Bank under a prearranged short-term line of credit Interest on the note is payable at maturity. Each firm has a December 31 year-end Required: 1. Prepare the journal entries on November 1, 2021. to record the issuance of the note. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions. For example, $5.5 million should be entered as 5,500,000.) View transaction ist Journal entry worksheet 1 2 Record the issuance of the note to Eskimo Joe's. Note: Enter debits before credits. Date General Journal Debit Credit