On December $1,$ Gilman Corporation borrowed $$20,000$ on a $90-$day, $6\%$ note. Prepare the entries to record the issuance of the note, the accrual of interest at year$-$end, and the payment of the note. $($Credit account titles are automatically Indented when the amount Is entered. Do not Indent manually. Record joumal entrles In the order presented in the problem. If no entry is required, select $"$No Entry" for the account tilles and enter $0$ for the amounts. List all deblt entries before credit entrles. Use $360$ days for calculatlon.$)$

Date Account Titles and Explanation Credit