Exercise 7-26 On December 31, 2020, Novak Company borrowed 64,271 from Paris Bank wiring 10.00 h fortunang 2012 Novak began to experience financial imculty. As a result, December 31, 2013Pan Bank dermed that the matters on loans of this nature is now 129 Prepare the entry to record the issuance of the loan by Paris Bank on December 31, 2020. Round present value factoren te Handwers to decimal places, .. 5,275. If no entry is required, select "No Entry" for the accountitles and enter for the amount Created when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Deb Cred Dec. 31, 2020 SHOW LIST OF ACCOUNTS Prepare the entry, if any, to record the impairment of the loan on December 31, 2022, by Paris Bank. (Round present value factor calculations to 5 decimal places 1.25124 and finalan to o decimal places, e.g. 5,275. If no entry is required, select "No Entry for the account titles and enter o for the amounts Credit account bites are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Debit Credit Dec. 31, 2022 Division of Wohn Wiley & Sons, Inc Exercise 7-26 On December 31, 2020, Novak Company borrowed 64,271 from Paris Bank wiring 10.00 h fortunang 2012 Novak began to experience financial imculty. As a result, December 31, 2013Pan Bank dermed that the matters on loans of this nature is now 129 Prepare the entry to record the issuance of the loan by Paris Bank on December 31, 2020. Round present value factoren te Handwers to decimal places, .. 5,275. If no entry is required, select "No Entry" for the accountitles and enter for the amount Created when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Deb Cred Dec. 31, 2020 SHOW LIST OF ACCOUNTS Prepare the entry, if any, to record the impairment of the loan on December 31, 2022, by Paris Bank. (Round present value factor calculations to 5 decimal places 1.25124 and finalan to o decimal places, e.g. 5,275. If no entry is required, select "No Entry for the account titles and enter o for the amounts Credit account bites are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Debit Credit Dec. 31, 2022 Division of Wohn Wiley & Sons, Inc