A Regier Home builder, which has a calendar year-end, borrowed $10,000 from a local bank on October

Question:

A Regier Home builder, which has a calendar year-end, borrowed $10,000 from a local bank on October 2, 2009. On that date, Regier’s chief executive signed a 9 percent, 150 day interest-bearing promissory note.
Required:
Prepare the appropriate journal entries in Regier’s accounting records on the following dates:
(a) October 2
(b) December 31
(c) The date (indicate that date in the journal entry)
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...