On December $1,$ Williams Company borrowed $$45,000$ cash from a bank by signing a $90-$ day, $9\%$ 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.

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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.