Prepare the journal entries for the following business transactions. No explanations are required. 01-Jul Received an $8,000,3%,3-month note, dated July 1, from Frank Baker in payment o account receivable. Interest is due at maturity. Received notification from Frank Baker that he is unable to honour his note at this time. It is expected that Baker will pay at a later date. 15-Oct Received full payment from Frank Baker for note receivable previously dishonoured. Borrowed $120,000 from the bank by signing a 3-month, 3.5\%, bank loan. Interest is du 01-Nov at maturity. Prepared any adjusting entries necessary in order to prepare the financial statements. Lu 31-Dec has a December 31 year-end