Instructions Ellsworth Enterprises borrowed S438.000 on an 1196, interest-bearing note on September 30, 2020. Ellsworth ends its fiscal year on December 31. The note was paid with interest on March 31, 2021. Required: 1. Prepare the entry for this note on September 30, 2020. 2. Prepare the adjusting entry for this note on December 31, 2020. 3. Indicate how the note and the accrued interest would appear on the balance sheet at December 31, 2020 4. Prepare the entry to record the repayment of the note on March 31, 2021. General Journal PAGE 1 IMPACT ON FINANCIAL STATEMENTS GENERAL JOURNAL BALANCE SHEET INCOME STATEMENT DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME 2. Prepare the adjusting entry for this note on December 31, 2020. PAGE 1 GENERAL JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT DATE POST. REF. CREDIT ASSETS LIABILITIES LIABILITIES EQUITY REVENUE EXPENSES NET INCOME ACCOUNT TITLE Adjusting Entries 4. Prepare the entry to record the repayment of the note on March 31, 2021 PAGE 1 GENERAL JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT ACCOUNT TITLE POST. BER D EBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME Ellsworth Enterprises Balance Sheet (Label) Label