ing 2016, Jackson Company borrowed money at State Bank and Trust on two occasions. On June8, company borrowed $27,000, giving a 120-day, 7 percent note, and on September 8, the company counted at 7 percent a $30,000, 90-day note payable. (Use 360 days a year. Do not round ermediate calculations.) Prepare the general journal entry to record issuance of each of these notes. View transaction list Journal entry worksheet Record the issuance of the 120-day 7% note. Note: Enter debits before credits. Date General Journal DebitCredit Jun 08, 2016