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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

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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 occount titles are autornatically indented when the amount is entered. Do not indent manually . Record journal entries in the order presented in the problem.)

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