$3\mathrm{.}50\%$ The Note was taken out on May $1,2021$ and will be paid back on Jan $31,2022$ in full induding all interest. It is currently Dec $31,2021.2$B$)$ Calculate simple interest on your Note Payable at a rate of Interest is accrued monthly. What is the interest Payable for $1$ month What is the interest payable to date What is the total payable on the note induding interest at Dec $31,2021$ Step $3$: JOURNAL ENTRIES $3$A$)$ Complete the Journal Entry that would record your Interest Payable on Notes on Dec $31,2021$ fimportant to note that interest payable is recorded monthly, following the rules of the actual method of accounting$)$ Date Account Name Dr Cr TOTAL $3$B$)$ Complete the journal entry that would record your Notes Payable and Interest at Jan $31,2022$ after the note has been settled in full. Date Account Name Dr Cr$.$ TOTAL