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On November 1, 2024, Backpacking Training Corporation borrows $53,000 cash from Community Savings and Loan. Backpacking Training signs a three-month, 6% note payable. Interest is

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On November 1, 2024, Backpacking Training Corporation borrows $53,000 cash from Community Savings and Loan. Backpacking Training signs a three-month, 6% note payable. Interest is payable at maturity. Backpacking's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for interest. Note: Enter debits before credits

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