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On March 2, 2020, Unity Corp. accepted a $45,000 eight-month, 6% note from Powers Inc. The note was accepted to replace an accounts receivable. Unity

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On March 2, 2020, Unity Corp. accepted a $45,000 eight-month, 6% note from Powers Inc. The note was accepted to replace an accounts receivable. Unity Corp's year-end is June 30. Prepare Unity Corp's journal entries to record: (i) receipt of the note; (ii) year-end entries, if required; and (iii) payment of the note on the maturity date

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