quum Your problem may be completed on Word, Excel, or may be handwritten. Your file will be uploaded here for grading. The problem must be submitted by the end of the test. If you have issues uploading your file, you may email your file to godinhm@crclosrios.edu Problem #4: On June 1, Huntley Company borrows $50,000 from the bank by signing a 60 day, 6%, interest bearing note. Instructions: Prepare the necessary entries below associated with the note payable on the books of Huntley Company. (a) Prepare the entry on June 1 when the note was issued. (6) Prepare any adjusting entries necessary on June 30 in order to prepare the monthly financial statements. Assume no other interest accrual entries have been made. Upload Choose a File Problem #2: Selby Company sold equipment that had a book value of $13,500 for $15,000. The equipment originally cost $45,000 and it is estimated that it would cost $57,000 to replace the equipment. Instructions: Prepare the appropriate journal entry to record the disposition of the equipment