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Help please Required information Problem 8-2B Record notes payable and notes...

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Accounting

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Required information Problem 8-2B Record notes payable and notes receivable (LO8-2) {The following information applies to the questions displayed below.) Eskimo Joe's, designer of the world's second best-selling T-shirt (just behind Hard Rock Cafe), borrows $19.7 million cash on November 1, 2021. Eskimo Joe's signs a six-month, 9% promissory note to Stillwater National Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end. Problem 8-2B Part 1 Required: 1. Prepare the journal entries on November 1, 2021, to record the issuance of the note. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions. For example, $5,5 million should be entered as 5,500,000.) Answer is not complete. General Journal NG Date November 01, 202 Cash Notes Payable Credit 1 Debit 19,700,000 19.700,000 November 01, 202. Interest Receivable Interest Revenue

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