2 ter ON Heading 5 1 Normal TNo Spac... Heading 1 Heading 2 Font Paragraph Styles QUESTION 1 - N/P On April 1, Hoadley Company borrows $90,000 from Northwest Provincial Bank by signing a 6-month, 6%, interest-bearing note. Hoadley's year end is August 31. Instructions Prepare the following entries associated with the note payable on the books of Hoadley Company: a) The entry on April 1 when the note was issued. b) Any adjusting entries necessary on May 31 in order to prepare the quarterly financial statements. Assume no other interest-accrual entries have been made. c) The adjusting entry at August 31 to accrue interest. d) The entry to record payment of the note at maturity. DF