Many businesses borrow money during periods of increased business activity to finance inventory and accounts receivable. For example, Min Corporation builds up its inventory to meet the needs of retailers selling to Christmas shoppers. A large portion of Mit Corporation sales are on credit. As a result, Min Corporation ofen colects cash from its sales several months after Christmas Assume on November 1, 2021, Mn Corporation borrowed $71 mlion cash from Metropolitan Bank and signed a promissory note that matures in six months. The interest rate was 9.00 percent payable at maturity. The accounting period ends December 31 Required: 1, 2 & 3. Prepare the required joumel entries to record the rate on November 1 2021, the adjusting entry required on December 31 2021 if any, and interest on the maturity clate, April 30, 2022, assuming that interest has not been recorded since December 31, 2021 (Enter your answers in whole dollars. no entry is required for a transaction/event, select "Ne Journal Entry Required" in the first account field.) View reconst Journal entry worksheet