Many businesses borrow money during periods of increased business activity to finance inventory and accounts receivable. Nestor Matthews is one of America's most prestigious retailers. Each Christmas season, Nestor Matthews bulds up its inventory to meet the needs of Chnistmas shoppers A large portion of these Christmas sales are on credit As a resut, Nestor Mathews often collects cash from the sales several months afler Christmas Assume that on November 1 of this year, Nestor Matthews borrowed $4.5 million cash from Bank of Georgia to meet short-term obligations. Nestor Matthews signed an interest-bearing note and promised to repay the $4 5 m on ?n sax months e annual nterest rate was 1 1 % All interest wil acrue and be paid when the noters duen sax months le tor Matthews accounting per od ends ec mber Required: 1. Prepare the jounal entry to record the note on November 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (ie., 1,000,000 not 1.0).) View transaction list Journal entry worksheet Record the note on November 1 Note: Enter debits before credits. Debit Credit 01 Record entry Clear entry View genesal jounal