Journal entry worksheet 35678 On October 1 of the current year, the company borrowed $18,000 from a local bank and signed a one-year, 12 percent note for that amount. The principal and interest are payable on the maturity date. Note: Enter debits before credits. Journal entry worksheet 35678 On October 1 of the current year, the company borrowed $18,000 from a local bank and signed a one-year, 12 percent note for that amount. The principal and interest are payable on the maturity date. Note: Enter debits before credits