Johann Schroeder borrowed $200,000 from HSBC on a 90-day, 4 percent note. Record the following transactions for Johann, rounding to the nearest dollar (explanations are not required) in the General Journal:

ABorrowing the money on May 6.

BPaying the principal and interest at maturity.

Specify the date. For the computation of interest, use a 365-day year. Accounting for a note payable