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 $49,000 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.) Answer is complete but not entirely correct. General Journal No Date 1 October 01, 2020 Cash Notes Payable (short-term) 2 December 31, 2020 Interest Expense Interest Payable September 30, 202 Interest Expense Interest Payable Cash Debit Credit 49,000 49,000 735 35 735 735 735 1,470 4 September 30, 202 Notes Payable (short-term) 49,000 Cash 49,000