On 1 October 20X6, Halpern Co. borrowed $135,000 from Canada Bank. The note has a two-year term, and requires that interest of 6% be paid each 30 September, with the principal payable 30 September 20X8.

Required:

Provide all entries for the note from 20X6 to 20X8.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• Record the borrowings from Canada Bank.
• Record the accrual of interest for the period ending 31st December 20X6.
• Record the interest payment on 30 September 20X7.
• Record the accrual of interest for the period ending 31st December 20X7.
• Record the interest payment on 30 September 20X8.
• Record the repayment of borrowings to Canada Bank.