On June 1, A Company borrows $70,000 from The Bank by signing a 8-month, 5%, interest-bearing note Company A's year end is August 31. Instructions Prepare the following entries associated with the note payable on the books of A Company: a) The entry on June 1 when the note was issued. b) Any necessary adjusting entries at August 31, assuming no other adjusting entries relating to the notes payable have been made yet. c) The entry to record payment of the note at maturity. "Round all amounts to the nearest dollar* 7 A B I A) Accounts June 1 B Aug 21 Accounts 2 W S Debit Credit #3 3 0 #4 4 Debit Credit G Search or type URL % alb5 66 & M * 7 8 E R T Y U 1 D LL F G H J O 0 A