Recover Unsaved Workbooks. We were able to save changes to one or more fies. Do you want to recover them? A B NOTES PAYABLE Show the effects of eachtraction on the balance sheet equation, and prepare journal entries to record the transactions Mumford Co. borrowed a $100,000 note payable on June 1, 2016, with 6% interest. The note is due on May 31, 2011. Ref. (6) Assets Prepare the journal entry to record the issuance of the note and receipt of cash on June 1, 2016. tes Date Account Debler Assets Liabilities Prepare the adjusting journal entry to record the interest owed at the end of the accounting period on December 31, 2016. Dec.31 Assets (c) Prepare the journal entry to reco note for 2017 Date Debit Credit 31-May Eowity (d) Prepare the journal entry to record the interest and principal payments to the lender on May 31, 2017 Date Account 31-May pole