On November 1, 2024, Quantum Technology, a geothermal energy supplier, borrowed $30 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, 6% promissory note. Interest was payable at maturity. Quantums fiscal period is the calendar year.

1 Record the issuance of the note by Quantum Technology. 2 Record the adjusting entry for the note by Quantum on December 31,2024 . 3 Record the payment of the note at maturity