Nicole thinks that her business, Nicole's Getaway Spa $($NGS$),$ is doing really well and she is planning a large expansion. With such a large expansion, Nicole will need to finance some of it using debt. She signed a one$-$year note payable with the bank for $$50,000$ with a $6$ percent interest rate. The note was issued October $1,2020$; interest is payable annually; and the end of Nicole's accounting period is December $31.$

Required:

Prepare the journal entries required from the issuance of the note until its maturity on September $30,2021,$ assuming that no entries are made other than at the end of the accounting period and when the note reaches its maturity. $($Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

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Record the interest payment on September $30,2021,$ assuming no interest accrual has been recorded since December $31,2020.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$September $30,2021,$Interest Expense,$750,],[$Interest Payable,.,$],[$Cash$,,],[,,,],[,,,],[,,,]]$