$12.(4$ points$)$ On October $1,$ Dutta Incorporated took out a loan with a face value of $\backslash (\backslash$$ $50,000,000\backslash )$ and issued a $12-$month promissory note. Interest was discounted at issuance at a $9\backslash \%$ discount rate.

Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December $31,$ the end of the reporting period. Assume the discount is amortized evenly each month.

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|\}$

$\backslash$hline Date & Accounts & DR & CR $\backslash \backslash$

$\backslash$hline $\backslash (10-01\backslash )$ & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|\}$

$\backslash$hline Date & Accounts & DR & CR $\backslash \backslash$

$\backslash$hline $\backslash (12-31\backslash )$ & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$