Wygant Corporation borrowed $330,000 on October 1 last year. The note carried a 10% interest rate with the principal and interest payable on May 1 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 transaction list Journal entry worksheet Record the note on October 1. Note: Enter debits before credits. Date General Journal Debit Credit October 01 View general journal Record entry Clear entry 4 of 10 Wygant Corporation borrowed $330,000 on October 1 last year. The note carried a 10% interest rate with the principal and interest payable on May 1 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 transaction list Journal entry worksheet Record the accrued interest on December 31. Note: Enter debits before credits. Credit Debit General Journal Date December 31 View general journal Clear entry Record entry Next >