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On November 1, 2020, Nixon borrowed $18,000 cash from Carter giving Carter a $18,000, 6%, 10-month note. On September 1, 2021, Nixon repaid Carter the

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On November 1, 2020, Nixon borrowed $18,000 cash from Carter giving Carter a $18,000, 6%, 10-month note. On September 1, 2021, Nixon repaid Carter the maturity value of the note. REQUIRED: Give the general journal entries necessary for 2020 and 2021 for Nixon Company (the borrower) assuming that Nixon Company prepares financial statementsemi-annually on June 30 and December 31. GENERAL JOURNAL Date Account Titles DR CR

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