On October 1, 20x1, Sawyers Corp. borrowed $50,000 in cash by signing a nine- month, 12% note from a local bank. The note's face value plus interest is due on July 1, 20x2. The October 1, 20X1, journal entry is shown in the general journal below. Required: In the journal below, prepare the 12/31/X1 and 7/1/X2 journal entries related to this note. Note: Round all interest calculations to the nearest whole month and whole dollar. Do not show decimals or cents in numerical responses Credit Date 10/1/X1 Cash Note Payable Debit 50,000 50,000 12/31/X1 7/1/X2