cBook Calculator Problem 8-76A (Algorithmic) Interest-Bereg Note Replacing an Unpold Account Payable Rasputin Manufacturing owed 550,000 on account for Inventory purchased on December 1, 2026. Rasputin uses a perpetual inventory system and has a focal year that endis on December 31. Rasputin was unable to pay the amount owed by the March 1, 2021 due date because of financial difficulties on March 1, 2021. Rasputin signed 6-month 350,000 11.6 interest-bearing note. This note was repaid with terest on September 1, 2021 Required: If no entry is required, telect "No entry required and leave the amount boxes blank 1. Prepare the entry recorded on December 1, 2020 2020 Dec 1 (Record purchase of inventory an account 2. Prepare the adjusting entry recorded on December 31, 2020 2020 Det Year and adjustment) 3. Prepare the entry recorded on March 1, 2021 2021 Mer. 3. Prepare the entry recorded on March 1, 2021 2021 Me! o (Recordance of note to cover unpaid account payable) 4. Prepare the entry recorded on September 1, 2021. tr an amount box does not require an entry, lace blank. Do not round interim computatione. Round inal anar totale dollar 2021 Sept. (Record payment of note and interest