On May 18, Murphy Company borrowed money from the Blackhawk Bank and issued the following note sayable Principal $74,628 Rate 18% Term 75 Days Required: Journalize Murphy Company's transactions to record the issuance and payment of the note on August 1 Notes: 1. To simply the arithmetic, use 360 days in a year (round your responses to the nearest cent) 2. Assume that no interest has been accrued prior to payment Date Account the Debil Creat