Question: a 4. (7 points) On May 1, 2019, Y borrowed $6,000,000 at 2% Y will pay interest every 6 months with interest payments every November

a 4. (7 points) On May 1, 2019, Y borrowed $6,000,000 at 2% Y will pay interest every 6 months with interest payments every November 1 and May 1. Y will repay $3,000,000 of the principal on May 1, 2020 and the remainder on May 1, 2021. Assume Yonly makes AJEs every December 31 AND does NOT make reversing entries. Prepare the entries Y should make on: May 1, 2019 b. November 1, 2019 December 31, 2019 d May 1, 2020 November 1, 2020 f December 31, 2020 & May 1, 2021 e. ... 1

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