On September 1, 2020, Jones Legal Services Company borrows $225,000 cash from PKN Bank. Jones signs a 2 year, 4% note payable. Interest is payable at maturity. Jones' year end is December 31.

1. What is the increase to the notes payable account on September 1, 2020? (Please use no commas in your answer and round to the nearest $1.)

2. When the maturity date arrives, how much is the cash account decreased to pay back the loan and interest? (Please use no commas in your answer and round to the nearest $1.)

3. How much interest expense is recognized in the 12/31/20 year end adjusting entry for this loan? (Please use no commas in your answer and round to the nearest $1.)