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Superior Corporation borrows $180,000 from the bank on December 1 by signing a 2-month, 2% bank loan. Interest is due at the beginning of each month, commencing January 1. Instructions Prepare the entries listed associated with the bank loan on the books of Superior Corporation (a) Prepare the entry on December 1 when the loan was received. (b) Prepare any adjusting entries necessary on December 31 in order to prepare the annual financial statements. Assume no other interest accrual entries have been made. (c) Prepare the entry or entries required in January. (d) Prepare the entry to record repayment of the loan at maturity on February 1