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On November 1, 2020, ZINJ Company borrowed $300,000 for 90 days * 9% by signing a neke Assume that the face value of the note

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On November 1, 2020, ZINJ Company borrowed $300,000 for 90 days * 9% by signing a neke Assume that the face value of the note equals the principal of the loan. Required: (1) The needed adjusting journal entry on 31 Dec. 2020. (2) The journal entry to record the payment of the note at maturity date. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM Dr. Cash 10,000 Cr. Land 10,000

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