On November 1, Bahama Cruise Lines borrows $15 million and issues a six-month, 7% note payable. interest is payabie at maturify. Determine the financlal statement effects of (1) the issuance of the note and (2) the adjusting entry for interest owed by December 31. the end of the reporting period. Complete this question by entering your answers in the tabs below. Determine the financial statement effects of the issuance of the note. (Enter your answers in doltars, not millions. For example, $5.5 miltion shou be entered as 5,500,000. ) On November 1, Bahama Cruise Lines borrows $15 million and issues a six-month, 7% note payable. interest is payabie at maturify. Determine the financlal statement effects of (1) the issuance of the note and (2) the adjusting entry for interest owed by December 31. the end of the reporting period. Complete this question by entering your answers in the tabs below. Determine the financial statement effects of the issuance of the note. (Enter your answers in doltars, not millions. For example, $5.5 miltion shou be entered as 5,500,000. )