Many businesses borrow money during periods of increased business activity to finance inventory and accounts receivable. Hudson$$s Bay Company $($HBC$)$ is Canada$$s largest department store. Each Christmas, HBC builds up its inventory to meet the needs of Christmas shoppers. A large portion of Christmas sales are on credit. As a result, HBC often collects cash from the sales several months after Christmas. Assume that on November $1,2020,$ HBC borrowed $$8\mathrm{.}0$ million cash from Downtown Bank and signed a promissory note that matures in six months. The interest rate was $7\mathrm{.}2$ percent payable at maturity. The accounting period ends December $31.$Prepare the journal entry to record payment of the note and interest on the maturity date, April $30,2021,$ assuming that interest has not been recorded since December $31,2020.$