G H Example Problems Create the journal entries for the following transactions by Inguinal Mfg. On 8/1/20, Inguinal loaned a supplier $80,000 in exchange for an 8 month, 7% note, On 11/1/20, Inguinal borrowed $130,000 from Third Fifth Bank with a 6 month, 6% note. On 12/31/20, Inguinal created an AJE for the note receivable and another for the note payable. Make sure you show your calculations. + On 4/1/21, the supplier paid off their $80,000 note to Inguinal. On 5/1/21, Inguinal paid off their $130,000 note to Third Fifth Bank