Martinez Manufacturing, Inc. borrowed $1,050,000 by issuing an 8-month note on June 1 of the current year. The note is due on February 1 of the following fiscal year. The short-term note carries a 4% annual interest rate, with interest due at maturity. The company's fiscal year ends on December 31. Read the requirements. Requirement a. Prepare the journal entry to record the issuance of the note payable. Account June 1 (current year) Accounts Payable Accounts Receivable Cash Interest Expense Interest Payable Short-Term Note Payable Long-Term Note Payable Requirements a. Prepare the journal entry to record the issuance of the note payable. b. Prepare the journal entry required at year-end to record the interest accrual. c. Prepare the journal entry to record the payment of the note at maturity. (Record debits first, then credits. Exclude explanations from any journal entries.) Print Done