i ve full credit for this question In a previous attempt Many businesses borrow money during periods of increased business activity to finance inventory and accounts receivable. Nestor Matthews is one of America's most prestigious retailers. Each Christmas season, Nestor Matthews builds up its inventory to meet the needs of Christmas shoppers. A large portion of these Christmas sales are on credit. As a result, Nestor Matthews often collects cash from the sales several months after Christmas. Assume that on November 1 of this year, Nestor Matthews borrowed million cash from Bank of Georgia to meet short-term obligations. Nestor Matthews signed an interest-bearing note and promised to repay the million in months. The annual interest rate 8%. accrue and paid when the note is due six months. Nestor Matth period ends December 31. Required: 1. Prepare the journal entry to record the note on November 1. (fno entry ls required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers In whole dollars not in millions (i.e., 1,000,000 not 1.0).) view transaction list journal entry worksheet Credit Debit General Journal Date November No Transaction Recorded