Question: On September 1 , 2 0 2 5 , Hare Today pet - supply store Co . borrowed $ 1 0 0 0 from Gone

On September 1,2025, Hare Today pet-supply store Co. borrowed $1000 from Gone Tomorrow Bank, signing a 6-month, 12-percent note. Interest is to be paid at maturity. Hare Today and
Gone Tomorrow both have a December 31 year-end.
Part I: Record the journal entry for the transaction for Hare Today, the borrower, on September 1,2025. If more than one debit or credit is needed, place them in alphabetical order based
on the account names. Round final answers to the second decimal place.
Part 2: Prepare the appropriate adjusting entry, if needed, for Hare Today on December 31,2025. If more than one debit or credit is needed, place them in alphabetical order based on the
account names. Round final answers to the second decimal place.
Part 3: Record the entry at maturity to repay the note at maturity on March 1,2026. If more than one debit or credit is needed, place them in alphabetical order based on the account names.
On September 1 , 2 0 2 5 , Hare Today pet -

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