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Problem 8-28 (Algo) Record notes payable and notes receivable (LO8-2) Required: Strithoner Noulonal Bark: 3. Prepare the joumal estries on Apri 30,2025,10 record psyment of (a) the notes payoble for Eskino Joe's and (o) the notes. recevable for Sthilinget Niobonol Barke. Compiete this suestien by exitering yaur anowers is Be tabs belaw. Journal entry worksheet 3 Problem 8-2B (Algo) Record notes payable and notes receivable (LO8-2) Eskimo Joe's, designer of the world's second best-selling T-shirt (just behind Hard Rock Cafe), borrows \$19.9 million cash on November 1, 2024 Eskimo Joe's signs a six-month, 9% promissory note to Sullwater National Bank under a prearranged short-term tine of credit. Interest on the note is payable at maturty. Each firm has a December 31 year-end. Required: 1. Prepare the journal entries on November 1, 2024, to record (a) the notes payable for Eskimo Joe's and (b) the notes recelvable for Sullwoter National Bank: 2. Record the adjusting entry on December 31, 2024, for (a) Eskimo Joe's and (b) Stillwater National Bank. 3. Prepare the journal entries on Apni 30,2025 , to record payment of (a) the notes payable for Eskimo Joe's and (b) the notes recelvable for Stillwater National Bank. Complete this question by entering your answers in the tabs below. Record the adjusting entry on December 31, 2024, for (a) Eskimo Joe's and (b) Stlllwater Wational Bank. (Do not round intermediate cakculations, If no entry is required for a transaction/event, select "No Journal Entry Flequired" in the first account field. Enter your answers in dollars; not in millions. For mample, $5.5 mallion should be entered as 5,500,000. Journal entry worksheet Record the adjusting entry for interest for Eakimo Joe's. Noter frter debis belore oedns. Problem 8-2B (Algo) Record notes poyoble and notes receivable (LO8-2) Eskimo Joe's, designer of the world's second best-selling T-shirt (just behind Hard Rock Cafe). borrows $199 million cash on November 1,2024. Esikimo Joe's signs a stx-month, 9% promissory note to Sullwater National Bank under a prearranged short-term ine of credit interest on the note is payable at maturity. Each firm has a December 31 year-end. Required: 1. Prepare the journal entries on November 1,2024, to record (a) the notes payable for Eskimo Joe's and (b) the notes recelvable for Stiliwater National Bank. 2. Record the adjusting entry on December 31, 2024, for (a) Eskimo Joe's and (b) Sullwater National Bank. 3. Prepare the joumal entres on Aprit 30, 2025, to record payment of (a) the notes payable for Eskimo Joe's and (b) the notes recelvable for Stiliwater Nationai Bank. Complete this question by entering vour answers in the tabs below. Prepare the journal entries on Aprit 20, 2025, to record parment of (a) the notes payable for Eskimo doe's and (b) the notes receivable for Stillwater National Bank. (Oo not round intermediate calculations. If no entry ia required for a transaction/event, select 'No Journal Entry Required" in the first account field. Enter vour answers in dollars, not in millions, For example, $5.5 million should be entered as 5,500,000.) Show less A Journal entry worksheet Record the repayment of the note at maturity for Eskime Joe's. Noten Eriter debits before crodics