On April 1, 2020, Dsseldorf Ltd. borrowed 5414,000 for 20 years. Principal repayments of $20,700 and interest at 7% are due annually on March 31. Prepare all of the journal entries required in relation to the loan for the year ended June 30, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit (To record the loan) To record interest) (To reclassify the current portion of the loan) eTextbook and Media List of Accounts What is the impact on the current ratio of reclassifying the current portion of the long-term loan? Reclassifying the current portion of long-term loan will the current ratio