Many businesses botrow money during periods of increased business activily to finance inventory and accounts receivable. For example, Mit Corporation bullds up its inventory to meet the needs of retailers selling to Christmas shoppers. A large portion of Mitt Corporation sales are on credit. As a result, Mitt Corporation often coliects cash from is sales several months after. Christmas. Assume on November 1, 2021, Mitt Corporation borrowed $6.7 milion cash from Metropolitan Bank and signed a promissory note that matures in sox months. The interest rate was 7.00 percent payable at maturity. The accounting period ends December 31. Required; 1. Indicate the accounts, amounts, and effects of the (a) issuance of the note on November 1; (c) impact of the ad)usting entry on December 31, 2021; and (c) the poyment of the note end interest on April 30, 2022, on the accounting equation (Do not round intermediate calculations. Enter your answers in whole dollars. Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.)