On October 1, Eder Fabrication borrowed $74 million and issued a nine- month promissory note. Interest was discounted at issuance at a 12% discount rate. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note 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 whole dollars.) View transaction list Journal entry worksheet Record the issuance of the note. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet Record the appropriate adjusting entry for the note at December 31. Note: Enter debits before credits. General Journal Debit Credit Event 2. Record entry Clear entry View general journal