Prepare the appropriate journal entries for each of the following transactions in 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 3. On April 1, Cynthia Company borrows $37,200 from Teal Mountain Bank by signing a 5-month, 5%, interest-bearing (a) Prepare the entry for Cynthia on April 1 when the note was issued. (b) Prepare any adjusting entries necessary on June 30 for Cynthia in order to prepare the semiannual financial statements. (c) Prepare the entry to record payment of the note by Cynthia at maturity. note Account Titles and Explanation Debit Credit Cash 37200 Notes Payable 37200 465 Interest Expense 465 Interest Payable 37200 Notes Payable 310 Interest Expense 37200 Interest Payable 37200 Cash