Question: Please answer the following question correctly thanks! On September 1, 20X1, Thomas Corp. borrowed $10,000 in cash by signing a six-month, 12% note from a

Please answer the following question correctly thanks!

Please answer the following question correctly thanks! On September 1, 20X1, Thomas

On September 1, 20X1, Thomas Corp. borrowed $10,000 in cash by signing a six-month, 12% note from a local bank. The note's face value plus interest is due on March 1, 20X2. The September 1, 20X1, journal entry is shown in the general journal below. Required: In the journal below, prepare the 12/31/X1 and 3/1/X2 journal entries related to this

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