On November 1, 2018, Quantum Technology, a geothermal energy supplier, borrowed $29 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. 9% 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. 2. & 3. Prepare the appropriate adjusting entry for the note by Quantum on December 31, 2018 and journal entry for the payment of the note at maturity. (For all requirements, 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 2 3 Record the issuance of the note by Quantum Technology Note: Enter debits before credits General Journal Debit Credit Date November 01, 2018 2. & 3. Prepare the appropriate adjusting entry for the note by Quantum on December 31, 2018 and journal entry for the payment the note at maturity. (For all requirements, 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 2 3 Record the issuanc No journal entry required Accounts payable Accounts receivable Accrued bonus compensation payable Note: Enter debits before Credit Date November 01, 2018 Record entry Clear entry View general Journal Prepare the appropriate adjusting entry for the note by Quantum on December 31, 2018 and journal entry for the payment of the note at maturity. (For all requirements, 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 Record the adjusting entry for the note by Quantum on December 31, 2018. Note: Enter debits before credits Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general Journal 1. riepale ule journal eruy II ule ISSUILE UI TE Hole wy Wudul IELII Ulvyy. 2. & 3. Prepare the appropriate adjusting entry for the note by Quantum on December 31, 2018 and journal entry for the pa the note at maturity. (For all requirements, if no entry is required for a transaction/event, select "No journal entry required" in the first accou Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 2 3 Record the the payment of the note at maturity. Note: Enter debits before credits. Date General Journal Debit Credit July 31, 2019 Record entry Clear entry View general Journal
