Question: Note Payable and Accrued Interest Required: 1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an

Note Payable and Accrued Interest Required: 1. Prepare the entry for

Note Payable and Accrued Interest Required: 1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank. 2023 Oct. 1 (Record issuance of note) 2. Prepare the adjusting entry for this note on December 31,2023 . If an amount box does not require an entry, leave it blank. 3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current liabilities: 4. Prepare the entry to record the repayment of the note on May 1, 2024. If an amount box does not require an entry, leave it blank. 2024

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