Question: please make sure it is correct Problem 3 (10 Points) Journey Company had the following transactions involving notes payable. Nov. 1. 2019 Borrows $180,000 from

please make sure it is correct

Problem 3 (10 Points) Journey Company had the following transactions involving notes payable. Nov. 1. 2019 Borrows $180,000 from Olathe State Bank by signing a 3-month, 10% note. Dec 31, 2019 Prepares the adjusting entry. Feb. 1. 2020 Pays principal and interest to Olathe State Bank Instructions Indicate the accounts that are increased and/or decreased for each of the above transactions

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