On 6/1/21, the company, XYZ, borrowed 100,000 from a Kbank @ 6% interest for a 9 month note (interest is stated as annual percentage rate unless otherwise noted)

1.)If no adjusting entries were recorded by XYZ during the year the adjusting entry on 12/31/21 is:

2.) Record the payment on 2/28/22 if XYZ makes reversing entries.

3.)Record the payment on 2/28/22 if XYZ doesn't make reversing entries

4.)If no adjusting entries were recorded by KBank during the year the adjusting entry on 12/31/21 is:

5.) Record the receipt on 2/28/22 if Kbank makes reversing entries.

6.)Record thereceipt on 2/28/22 if Kbank doesn't make reversing entries.