South End is one of the world's most popular outdoor apparel companies. Assume that South End borrows $3.2 million from U.S. Bank and signs a note promising to pay back the $3.2 million in ten months, at which time South End also will pay any accrued interest. The interest rate on the note is 6%. Required: 1. Prepare the journal entry South End will record when it signs the note and receives the cash. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).) View transaction list Journal entry worksheet < A Record the ten-month note with an interest Ate of 6%. Note: Enter debits before credits.. Transaction 01 General Journal Debit Credit Clear entry View general journal Record entry 2. Prepare the journal entry that South End will record when it pays off the note and any accrued interest after ten months. (If no entm is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dolla not in millions (i.e., 1,000,000 not 1.0).) View transaction list Journal entry worksheet < Record the payment of the note along with the accrued interest Note: Enter debits before credits. Transaction 02 General Journal Debit Credit View general journal Record entry Clear entry