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Prepare journal entry for Tamarisk, Inc. to record the receipt of the proceeds of the note. (Credit occount titles are automatically indented when the amount

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Prepare journal entry for Tamarisk, Inc. to record the receipt of the proceeds of the note. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation July 1, 2021 (Borrow cash and sign note payable) O Show Timer Prepare journal entry for Tamarisk, Inc. to record the accrued interest at December 31, assuming adjusting entries are made only at year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Dec 31, 2021 Debit Credit (To accrue interest expense) List of Accounts Prepare journal entry for Tamarisk, Inc. to record the payment of the note at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit July 1, 2022

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