s payable (10 pts) The information below applies to Questions 35 thru 38 (2.5 points each) 35-38. (171). On September 1, 2009, George Hanby borrowed $300,000 from Fidelity Homestead and signed a 6%, one- year note payable, all due at maturity (therefore no monthly payments are involved, only one payment at maturity). Hanby makes adjusting entries and prepares financial statements only at year-end. Pay attention to dates and number of months in each year. Answer (a) thru (d) below: (a) The amount Hanby must pay on September 1, 2010, when the note matures is (b) The interest expense Hanby will recognize on this note in 2010 is (c) At December 31, 2009, George Hanby 's overall liability for this loan amounts to (d) In the space provided, give the adjusting entry made by George Hanby on December 31, 2009, with respect to this note. Dec 31 General Journal 38. The adjusting journal entry Hanby will make on December 31, 2009 with respect to this note is OA Debit Interest Expense. Credit interest Payable for $6.000 OB. Debit Notes Payable, Credit Interest Payable for $12.000 OC. Debit Interest Payable Credit Notes Payable for $12.000 OD Debit Interest Expense. Credit Cash for $18.000