Instructions Elsworth Enterprises borrowed S438.000 on an 11%, interest-bearing note on September 30, 2020. Elsworth ends as fiscal year on December 31. The note was paid with interest on March 31, 2021 Required: 1. Prepare the entry for his note on September 30, 2020 2. Prepare the adjusting entry for this note on December 31, 2020 3 Indicato 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 Joumal 1. Prepare the entry for this note on September 30, 20:20 GENERAL JOURNAL IMPACT ON FINANCIAL STATEM BALANCE SHEET ING DATE ACCOUNT TITLE POST. REK DORT CREDE ASCETS LIABILITIES EQUITY REVENUE 1 2 2. Prepare the adjusting entry for this note on December 31, 2020. GENERAL JOURNAL IMPACT ON FINANCIAL STATEME BALANCE SHEET INC DATE POST. HER DEBIT ACCOUNT TITLE Adjusting Entries CREDIT LABILITIES QUITY REVENUE 1 2 4. Prepare the entry to record the repayment of the note on March 31, 2021 GENERAL JOURNAL IMPACT ON FINANCIAL STATEME BALANCE SHEET INC DATE ACCOUNT TITLE POST RER DERIT CREDIT ASSETS LOUITY REVENUE 1 1 Balance Sheet 3. Indicate how the note and the accrued interest would appear on the balance sheet at December 31, 2020. Balance Sheet Instructions Ellsworth Enterprises Balance Sheet (Label 1 (Label) 2 5