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15) On November 1 , Holton Company borrows $100,000 from West Bank by signing a 6 -month, 6%, interest-bearing note (simple interest). No cash payments will be made until the maturity date. Assume no other interest accrual entries have been made other than the ones you make below. (a) Prepare the entry on November 1 when the note was issued. (b) Prepare any adjusting entries necessary on December 31 . (c) Prepare any entries necessary at maturity date. 16) Discount on Bonds Payable is ("deducted from" or "added to")bonds payable on the balance sheet. Premium on Bonds Payable is ("deducted from" or "added to") bonds payable on the balance sheet. 17) On January 1, 2020, Hannigan Company issued bonds with a face value of $600,000. The bonds carry a stated interest of 7% payable each January 1. Make the necessary Journal Entries below given the different facts: (a) Assume the bonds were issued at a 0.97 bond quote. (b) Assume the bods were issueed at a 1.07 bond quote