On November 1, 2021, 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. Quantums 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, 2021 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.)

Journal entry worksheet

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
November 01, 2021

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31, 2021

Journal entry worksheet

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
July 31, 2022