Fairbocne Company borrowed 5600,000 on an 8%, interest-bearing note con October 1, 2023, Faibborne mids its facal year on Decmmber 31. the note war pad with interest on Hay 1,2024 Required: 1. Prepare the entry foe thin note an October 1,2023 . If an ameunt bos boes not regare an entry, lewire it blank. 2023Dec31 (Record accrued intriest) 3. Indikare how the note and thit accrued intereit mould appear in the balarce sheet at Decemier 31, 2021. Among the current liabilities: 2 wyre Check Uy Work uses semaring 2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, lease it blank. 2023 Dec. 31 (hecord accried interest) 3. Indicate how the note and the scorued interest would aopear in the bolance sheet at December 31. 2023, Ameng the current liatilities: 4. Prepare the entry to record the reparment of the note on May 1, 2024. If an amount box does not require an enitry, leave it bla 202 2 more Check My Work lines remairing