Daisy Consulting performs systems consulting and also sells accounting software. Daisy Consulting believes the company will need to borrow $1,100,000 in order to expand operations. Daisy consults the bank and secures a 3%, ten-year note on March 1, 2017 Daisy must pay the bank principal in ten equal installments plus interest annually on March 1. Requirements 1. Record the $1,100,000 note payable on March 1, 2017 2. Record the entry to accrue interest due on the note at December 31, 2017 3. Record the entry Daisy would make to record the payment to the. bank on March 1, 2018 Requirement 1. Record the $1,100,000 note payable on March 1, 2017 (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date 2017 Mar 1 Accounts and Explanation Debit Credit