Example 3: The Kentucky Company has a December 31st year end. On November 1, 2021 the Kentucky Company loaned an employee $18,000 and accepted a 3% (annual interest rate) two-year note from the employee. Interest on the note is due annually on October 31, beginning October 31, 2022. The note's principal is due on October 31, 2023. The company does not use reversing entries. Prepare the Kentucky Company's journal on the following dates: Debit Credit Debit Credit 118,000 1 11/01/21 Note Receivable Accounts Receivable 110,000 90 12/31/21 Interest Receivable Interest Revenue L90 18,000 *.03 x 2/12 10/31/22