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On March 1, Whispering Winds Company borrows $117,000 from New National Bank by signing a 6-month, 7%, interest-bearing note. Prepare the necessary entries below associated

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On March 1, Whispering Winds Company borrows $117,000 from New National Bank by signing a 6-month, 7%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Whispering Winds Company Prepare the entry on March 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit March 1 Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accrual entries have been made.ch account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation June 30 Prepare the entry to record payment of the note at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indent manu Date Account Titles and Explanation Debit Credit Sept. 1 Prepare the entry on March 1 when the note was l ed. (Ceil t titles are automatically indented when the amount is entered. Do not indent manually.) Date Acount Title and Explanation March 1 e no other interacrantes have be e n Prepare an adjusting entries necessary on June 30 in order to prepare the manual and statement account titles are automatically indented when the amount is entered. Do not indent manually. Det Date Account Titles and Explanation June 30 ly) Prepare the entry to record payment of the note at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indenta Debit Date Account Titles and Explanation Click if you would like to Show Work for this question On Show Work

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