On 4/1/2022, Coyote Bank received a promissory note from its customer borrowing $400,000. The term of the

note were; a principal of $400,000, 5% interest, and a due date of 9/30/2022.

Instructions: Prepare any necessary journal entries for note transactions of Coyote on

1) 4/1/2022, &

2) 9/30/2022, assuming the note maker pays the principal and interests on time