On April 1, Parilo Company borrows $75,000 from West Bank by signing a 6-month, 5% interest bearing note. Prepare the necessary entries below associated with the note payable on the books of Parilo Company. Prepare the entry on April 1 when the note was issued. Prepare any adjusting journal entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accrual entries have been made