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on November 1, Bahama Cruise Lines borrows $3 million and issues a six-month, 5% note payable. Interest is payable at maturity Determine the financial statement effects of (1) the issuance of the note and (2) the adjusting entry for interest owed by December 31, the end of the reporting period Complete this question by entering your answers in the tabs below. Determine the financial statement effects of the issuance of the note, (Enter your answers in dollars, not millions. For example, 55.5 mill should be entered as 5,500,000.) On November 1, Bahama Cruise Lines borrows $3 million and issues a six-month, 5% note payable Interest is payable at maturity Determine the financial statement effects of (1) the issuance of the note and (2) the adjusting entry for interest owed by Decembei 31, the end of the reporting period Complete this question by entering your answers in the tabs below. Determine the financial statement effects of the adjusting entry for interest awed by Decenter 31, the end of the reporting periad. (Ar be deducted should be entered with minus sign. Enter your answers in dolars, not milions. For exampie, $5.5 million should be entered . 5,500,000