Notes Payable MM, Inc. borrows $300,000 on November 1, 2019 from First National Bank. The note payable bears interest at 6%. All interest and principal is due March 31, 2020. MM makes adjusting journal entries, only at year-end. r Please record the journal entry for the borrowing of the $300,000 (2 points): Accounts Dr Date 11/1/19 Cr TI Memo: Borrowed $300,000 at 6% interest from First National Bank v Please accrue for interest expense on December 31, 2019 (2 points): t Accounts Date 12/31/19 Dr Cr a Memo: To accrue for interest expense incurred since Nov. I on note payable Please create the journal entry for repayment of the note on March 31, 2020 (4 points): Date 3/31/20 Accounts Dr Cr t Memo: Repaid First National Bank note with interest