Takemoto Corporation borrowed $60,000 on November 1, 2014, by signing a $61,350, 3-month, zero-interest-bearing note. Prepare Takemotos November 1, 2014, entry; the December 31, 2014, annual adjusting entry; and the February 1, 2015, entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit

11/1/14 ___________________________ ________ _______

__________________________ ________ _______

____________________________ ________ _________

12/31/14 __________________________ _________ __________

___________________________ _________ __________

2/1/15 __________________________ __________ _________

__________________________ _________ _________

(To record interest)

_________________________ __________ _________

__________________________ _________ ____________

(to pay note)