Ventura Company adjusts its accounts monthly and closes its accounts on December 31. On October 31, 2013, Ventura Company signed a note payable and borrowed $120,000 from a bank for a period of six months at an annual interest rate of 9 percent. a. How much is the total interest expense over the life of the note? How much is the monthly interest expense? (Assume equal amounts of interest expense each month.)(Do not round your intermediate calculations and round your final answers to nearest dollar amount. Omit the "$" sign in your response.) Total interest expense $ Monthly interest expense $ b. In the company's annual statement of financial position at December 31, 2013, what is the amount of the liability to the bank? (Omit the "$" sign in your response.) Bank liability $ c. Prepare the journal entry to record issuance of the note payable on October 31, 2013. (Omit the "$" sign in your response.) General Journal Debit Credit Oct. 31 (Click to select) (Click to select) d. Prepare the adjusting entry to accrue interest on the note at December 31, 2013. (Do not round your intermediate calculations and round your final answers to nearest dollar amount. Omit the "$" sign in your response.) General Journal Debit Credit Dec. 31 (Click to select) (Click to select) e. Assume the company prepared a statement of financial position at March 31, 2014. State the amount of the liability to the bank at this date. (Omit the "$" sign in your response.) Bank liability