Ryan Gosling Inc. owed Jim Carrey Co. $825,000. They could not pay on time. They negotiated the following settlement with Jim Carrey Co.: they will pay $175,000 right away and take out a note for the balance. The note is dated December 11, 2021, is for 60 days, and includes 6% interest. The principal of the note and interest will be paid at maturity. Required Prepare the journal entry for Ryan Gosling Inc. to: 1. Record the exchange of the accounts payable for the note payable and cash 2. Record the Interest accrual on Dec 31, 2021. 3. Record the payment of the