Wygant Corporation borrowed $270,000 on October 1 last year. The note carried a 11% Interest rate with the principal and interest payable on May this year. Prepare the journal entry to record the following transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transactions Journal entry worksheet + 2 Record the note on October 1 Enter det before credits Date General Journal Debit Credit October 01 Recorder Claret View general journal Journal entry worksheet Record the accrued interest on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal