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 $57,000 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.) View transaction list Journal entry worksheet < 1 2 3 4 Record the borrowing of $57,000. Note: Enter debits before credits. Date October 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal 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 $57,000 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.) View transaction list Journal entry worksheet < 1 2 Record the accrued interest on December 31, 2020. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal 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 $57,000 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.) View transaction list Journal entry worksheet < 1 2 4 Record the interest payment on September 31, 2021, assuming no interest accrual has been recorded since December 31, 2020. Note: Enter debits before credits Date September 30, 2021 General Journal Debit Credit Record entry Clear entry View general journal 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 $57,000 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.) View transaction list Journal entry worksheet < 1 2 3 4 Record the repayment of the note on its maturity date. Note: Enter debits before credits. Date September 30, 2021 General Journal Debit Credit Record entry Clear entry View general journal 13