Help Save & Exit Submit ay work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not indicate completion. Return to question ! Required information Problem 8-2B Record notes payable and notes receivable (LO8-2) (The following information applies to the questions displayed below.) Eskimo Joe's, designer of the world's second best-selling T-shirt (just behind Hard Rock Cafe), borrows $20.7 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 the note is payable at maturity. Each firm has a December 31 year- end. Problem 8-2B Part 1 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.) Answer is not complete. Debit Credit General Journal No Dato 2 4 Next > 3 of 6 ny work Problem 8-2B Part 2 2. Record the adjustments on December 31, 2021, for (a) Eskimo Joe's and (b) Stillwater National Bank (Do not round intermediate calculations. 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 list Journal entry worksheet Record the adjusting entry for interest for Eskimo Joe's. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 3 4 of 6 !!! Next > VO Problem 8-2B Part 3 3. Prepare the journal entry on April 30, 2022, to record payment of the notes payable at maturity. (Do not round intermediate calculations. 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 list Journal entry worksheet Record the repayment of the note at maturity for Eskimo Joe's. Note: Enter debits before credits. General Journal Debit Credit Dato April 30, 2022 S 4 of 6 Next >