On November 1, 2016, Quantum Technology, a geothermal energy supplier, borrowed $14 million cash to fund a geological survey. The loan was made by Nevada BancCorp under a noncommitted short-term line of credit arrangement. Quantum issued a nine-month, 15% promissory note. Interest was payable at maturity. Quantum's fiscal period is the calendar year. Required: 1. Prepare the journal entry for the issuance of the note by Quantum Technology. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 > Record the issuance of the note by Quantum Technology. Note: Enter debits before credits. General Journal Debit Credit Date November 01, 2016 Record entry Clear entry View general journal 2. & Prepare the appropriate adjusting entry for the note by Quantum on 3. December 31, 2016 and journal entry for the payment of the note at maturity. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list > 1 Record the adjusting entry for the note by Quantum on December 31, 2016. 2 Record the the payment of the note at maturity