On December $1,$ Williams Company borrowed $$400,000$ cash from a bank by signing a $90-$day, $12\%$ note payable.

a$.$ Prepare Williams' journal entry to record the Issuance of the note payable.

b$.$ Prepare Williams' journal entry to record the accrued interest due at December $31.$

c$.$ Prepare Williams' journal entry to record the payment of the note on March $1$ of the next year.

Complete this question by entering your answers in the tabs below.

Prepare Williams' journal entry to record the issuance of the note payable.

Journal entry worksheet

$1$

Record the issuance of the note payable.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $01,,,],[,,,],[,,,],[,,,],[,,,]$