On November 1, Bahama National Bank lends $2.9 million and accepts a six-month, 9% note receivable. Interest is due at maturity.

Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).)

PLEASE SHOW WORK

On November 1, Bahama National Bank lends $2.9 million and accepts a six-month, 9% note rech able. Interest is due at maturity. Record the acceptance of the note and the appropriate adjustment for interest revenue at December 31, the end of the reporting period.(f no entry is required for a transactionlevent, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000)-) View transaction list Journal entry worsheet Record th e acceptance of the note. Note: Enter debits before credits, Date General Journal Debit Credit November 01 Record entry Clear entry View general journal