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P2. October 1, 2021, Wildcat Company issued a $600,000, 6 percent, six-month promissory note to borrow $600,000 from Bank of America. Wildcat paid the principal
P2. October 1, 2021, Wildcat Company issued a $600,000, 6 percent, six-month promissory note to borrow $600,000 from Bank of America. Wildcat paid the principal of $600,000 and interests on the note to the bank on the maturity date, March 31, 2022. Instructions: prepare any necessary journal entries for Wildcat on
1) 10/1/2021,
2) 12/31/2021,
3) 3/31/2022.
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