Many businesses borrow money during periods of increased business activity to finance inventory and trade receivables. Nordstrom, Inc., is one of North America$$s most prestigious retailers. Each year, the company builds up its inventory to meet the needs of December holiday shoppers. Assume that on November $1,2023,$ the company borrowed $$5\mathrm{.}3$ million cash from the bank for working capital purposes and signed an interest$-$bearing note due in six months. The interest rate was $6$ percent per year, payable at maturity. Nordstrom$$s fiscal year ends on December $31.$

Required:

$1.$ Prepare the journal entry to record the note on November $1,2023.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in dollars not in millions.$)$

$2.$ Prepare any adjusting entry required at December $31,2023.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in dollars not in millions. Do not round intermediate calculations.$)$

$3.$ Prepare the journal entry to record payment of the note and interest on the maturity date, April $30,2024.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in dollars not in millions. Do not round intermediate calculations.$)$