On November 1, a business entity signed a 120-day, 8% note payable, with a face value of $9,000. The controller calculates interest using a "360 day" year. Using the attached T-account template (or prepare an "equation" presentation using a spreadsheet format) prepare the following entries: November 1 Recognize the proceeds from the loan d. e. December 31 f. March 1 Recognize the accrual of interest expense Recognize the required transaction(s) at the maturity of the loan LIABILITIES EQUITY Non-Current Liabilities Contributed Capital Earned Capital ASSETS Non-Current Assets Current Assets Property, Plant & Equipment Investments Intangible Assets/Other Current Liabilities