On November 1 , Bahama Crulse Lines borrows $15 milion and issues a six-month. 7\% note payabie. Interest is payable at maturityDetermine the financial statement effocts 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 adjusting entry for interest owed by December 31, the end of the reporting period, (Amounts to Determine the financial statement effects of the adjusting entry for interest owed by December 31 , the end at the reporting periou, he deducted should be entered with minus sign. Enter your answers in dollars, not millions. For example, $5.5 miltion should be entered as On November 1 , Bahama Crulse Lines borrows $15 milion and issues a six-month. 7\% note payabie. Interest is payable at maturityDetermine the financial statement effocts 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 adjusting entry for interest owed by December 31, the end of the reporting period, (Amounts to Determine the financial statement effects of the adjusting entry for interest owed by December 31 , the end at the reporting periou, he deducted should be entered with minus sign. Enter your answers in dollars, not millions. For example, $5.5 miltion should be entered as