LO #1 - Question 1: Short-Term Notes Payable (6 marks) On October 1, 2020, Magnus Company signed a zero-interest bearing note to borrow cash from DT Bank so it could purchase some inventory. Additional details about the borrowing arrangement follow: $ Maturity value of the note Term of note (in months) Amount borrowed by Magnus Company 70,000 4 $67,961 Assume that Magnus Company has a year end of December 31. Required: Prepare any journal entries required by Magnus Company over the entire term of the note, including any year-end adjusting journal entries