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On November 1 , Vacation Destinations borrows $ 1 . 5 8 million and issues a six - month, 7 % note payable. Interest is

On November 1, Vacation Destinations borrows $1.58 million and issues a six-month, 7% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest expense at December 31, the end of the reporting period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate falculations. Enter your answers in dollars, not in millions. Round your answers to he nearest dollar amount.)
Journal entry worksheet
12
Record the issuance of the notes.
lote: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[Nov 01,,,],[,,,],[,,,],[,,,],[-,,,]]
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