2 problems with 2 parts each

Problem 2 - Journal Entry for Note Payable A) On November 1, California Cruising borrows $3 million and issues a 6 month. 5% Note Payable. Interest is due at maturity. Record the B) Now record the appropriate Adjusting Entry for this Note Payable for Problem 3 - Journal Entry for Note Receivable - you are on the other side of the transaction. A) On November 1, California Business Bank lends $3 million and accepts a 6 month, 5% Note Receivable. Interest is due at maturity. B) Now record the appropriate Adjusting Entry for this Note Receivable for interest owed December 31st, the end of the accounting period. Again. 2 months