Hogwarts Inc. entered into the following transactions during 2020: June 1 June 15 December 1 Hogwarts Inc. asked to extend it's past due $7,000 account payable to Gryffindor Inc. Gryffindor Inc. agrees to accept $2,000 and a 15-day, 13% note to replace the account payable. Hogwarts Inc. paid the note payable owed to Gryffindor Inc. in full at maturity. Borrowed $35,000 cash from Gringotts Bank in exchange for a 90-day, 6% note payable. Recorded any required adjusting entries for the accrual of interest on notes payables. Hogwarts Inc. pays the note to Gringotts Bank in full at maturity. December 31 March 1 Required: 1. Prepare the journal entries for Hogwarts Inc. to record the transactions above