On November 1, 2022 Fashions Inc. borrowed $60,000 from RBC on a five-month, 6% note payable. The principal and interest are payable at maturity (April 1) and Fashions Inc. prepares its financial statements including any adjusting entries annually at December 31.

Required (Answer this question in the space provided below each question, showing all necessary computations):

1) Write the journal entry required by Fashions Inc. on November 1. (4 marks)

Date	Account titles	Debit	Credit

2) Write the journal entry required by Fashions Inc. on December 31. (4 marks)

Date	Account titles	Debit	Credit

3) Write the journal entry required by Fashions Inc. on the maturity date. (6 marks)

Date	Account titles	Debit	Credit

4)Write the current liabilities section of Fashion's balance sheet on December 31, showing the relevant accounts and amounts to be reported. (6 marks)

Current Liabilities:	$