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promissory hole on November 1, 2024. The loan is to fund a geological survey. The lonn was Quebee Banque under a shor made by Quebec

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promissory hole on November 1, 2024. The loan is to fund a geological survey. The lonn was Quebee Banque under a shor made by Quebec Banque under 1, 2024. The loan is to fund a geological survey. The lonn was issuince at a discount rate of 12% short-term financing amangement. Interest was discounted at pends on December 31 . The nile will be paid on April 30, 2025. Ontario Resources fiscal period endis on December 31 . (1) Prepare the journal entry for the issuance of the note by Ontario Resources on November 1 , 2024 (3 poinis) (2) What is the adjusting entry Ontario will make on December 31,2024 , the fiscal year end ( 5 points) (3) Joumal entry by Ontario Resources on April 30,2025 , to pay the note ( 5 points)

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