Question: Question 2: (4 marks) On Oct 19, ABC Company borrows $12,000 from State Bank by signing a 6-month, 9%, inte bearing note Instructions Prepare the

Question 2: (4 marks) On Oct 19, ABC Company borrows $12,000 from State Bank by signing a 6-month, 9%, inte bearing note Instructions Prepare the necessary entries associated with the note payable on the books of ABC Company at th following dates: (a) On Oct1" when the note was issued. (I mark) (b) At December 31 to accrue interest. (1 mark) (c) On March 1" to record payment of the note at maturity date. (2 marks)

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