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METU Bank agrees to lend $120,000 on September 1, 2019, if EMU Co. signs a $120,000, 13%, four-month note maturing on January 1. Instructions a)

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METU Bank agrees to lend $120,000 on September 1, 2019, if EMU Co. signs a $120,000, 13%, four-month note maturing on January 1. Instructions a) Prepare the entry on September 194. b) Prepare the adjusting entry on December 315, assuming monthly adjusting entries have not been made. C) Prepare the entry required on January 1, 2020, the maturity date

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