On Navember $1.2024.$ Quantum Technology, a geothermal energy supplier, borrowed $$20$ million cash to fund a geological survey. The ban was made by Nevada BancCarp under a noncommitted short$-$term line of credit arangement. Quantum issued a nine$-$month. $12\%$ promissory nole Enterest was payabie at maturity. Quantum's liscal perood is the calendar year.

Required:

Prepare the joumal entry for the issuance of the note by Quantum Technalogy

Plepale the appropriate adjusting entry for the nate by Quantum on December $31,2024$ and journal entry for the payment of the note al maturity

Note: For all requirements if no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in whole dollars.

Journal entry worksheet

$3$

Record the issusnce of the note by Quantum Technology.

Nate: Trter detils tefore cred ts

$\backslash$table$[[$Date$,$General Journal,Dubit,Credit$],[\backslash$table$[[$November $01.],[2024]],,,],[,,,],[,,,],[,,,],[,,,]]$