On November 15, 2022, Trumpet Company borrowed $ 30,000 from Key Bank by assuming a 60-day non-interest-bearing note.  The bank discounted this note at 10% and remitted the difference to Trumpet. Assume ordinary interest (360 days) and each month at 30 days.

Prepare the journal entries to record the initial loan, the year-end adjusting entry, and the payment of the note at maturity.