please complete the accounting equations.

Notes Payable and interest On July 1, 2017, Kamer's Trinkets borrowed $35,000 from the bank. Kamer signed a ten-month, 6% promissory note for the entire amount. Kamer's uses a calendar Year-end Required: 1. Identify and analyze the effect of the issuance of the promissory note, Activity Financing Accounts Cash Increase, Notes Payable Increase Statement(s) Balance Sheet only Feedback How does this entry affect the accounting equation? If a financial statement item is not affected, select 'No Entry and leave the amount box blank. If the effect on a financial statement item is negative, l.e, a decrease, be sure to enter the answer with a minus sign Balance Sheet Income Statement Stockholders Equity Assets + Liabilities Notes Payable 35,000 Revenues Cash 35,000 o No Entry No Entry For 2. Identify and analyze the effect of any adjustments needed at year-end. Activity Operating Accounts Statement(s) Interest Payable Increase, Interest Expense Increase Balance Sheet and Income Statement Fodb How does this entry affect the accounting equation? If financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, e, a decrease, be sure to enter the answer with a minus sign. Use months in calculation. Do not round intermediate calculations. If required, round your final answer to the nearest dollar Balance Sheet Income Stats Assets Liabilities Interest Payable Stockholders' Equity 0 X Revenues No Entry OX No Entry Interest Expens 3. Identity and analyze the effect of the payment of principal and interest. Activity Financing Accounts Cash Decrease Notes Payable Decrease, Interest Payable Decrease, Interest Expense Increase Statement(o) Balance sheet and Income Statement How does this entry affect the accounting equation? - a financial statement item is not affected, select 'No Entry and leave the amount box blank. If the effect on a financial statement item is negative, le, a decrease, be sure to enter the answer with a minus sign. Use months in calculation. Do not round intermediate calculations. If required, round your final answer to the nearest dollar Balance Sheet Income Staten Assets Liabilities Stockholders Equity Revenues Cash 35,000 X ox 0 X Notes Payable Interest Payable No Entry Interest Expense No Entry O 0 x 0 No Entry 0 No Entry