Question: Please answer in the format given Problem 2 (8.5 points) Assume, that on October 14, 2021, Nowell Brands, Inc., borrowed $6,400,000 cash from Bank of

Please answer in the format given

Problem 2 (8.5 points) Assume, that on October 14, 2021, Nowell Brands, Inc., borrowed $6,400,000 cash from Bank of America to meet short-term obligations. Nowell Brands signed a 3% note and promised to repay the note in 120 days. All interest will be paid when the note is due. Assume the company records only the two entries: borrowing and payment. Use 360-day year and round your answer to the nearest dollar. Required: 1. Find the maturity date of the note. Maturity date is: 2. Record the issuance of the note on October 14. 3. Record payment of the note and interest at maturity. \" Problem 3 (7.5 points) Jupiter, ind. sells its products with a oneyear warranty. The estimated product warranty is 3% of sales. Assume that duptter had sales of $568,000 during October this year. On November 12, a customer received warranty repmrs requmng $144 of parts and $200 of labor. Required: 1. Record the adjusting entry to accrue warranty expense on October 31. 2. Record the journal entry for the warranty work provided in November.

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