voker takeAssignment signment takekinprogres Chapter 9 eBook Calculator Problem 9 92A (Algorithmic) ALGO ALGO ALGO AALGO Entries for and Financial Statement Presentation of a Note Perez Company borrowed $56,000 rom the first National Bank on June 1 2019-an, 3 year, 87% nte. Inte est s padanmaly an May If required, round amounts to the nearest dollar Required: 1. Record the borrowing transaction in Perez's yournal 2019, June 1 Cash 56,000 56,000 Record issuance of note at par Chek My Wr 1 When bonds are issued, any premium or discount is recorded in a separale valuation account 2. Prepare the adjusting entries made at December 31, 2019 and 2020. Interest l xpense- Interest Payable Record interest expense 2019, December 31 , 2.842 2.842V Previous Check My Work : 4/4 items ore 86 16% All work saved Fmail Instructor Save and Exit Submit Assignment for Grading 839 PM ype here to search