Question: Please prepare the journal entry for the following transaction. Include calculations as well. I will give thumbs up for correct answers! January 2nd Borrowed $1,500,000

Please prepare the journal entry for the following transaction. Include calculations

Please prepare the journal entry for the following transaction. Include calculations as well. I will give thumbs up for correct answers!

January 2nd Borrowed $1,500,000 with 8% note to help finance the construction which began for its own use on January 1st, 2022. The facility is completed in 2023. Interest is payable at maturity. January 2nd Borrowed $1,500,000 with 8% note to help finance the construction which began for its own use on January 1st, 2022. The facility is completed in 2023. Interest is payable at maturity

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