On November 1, Year 1, a company borrows $47,000 cash from Community Savings and Loan. The company signs a three-month, 6% note payable. Interest is payable at maturity. The company’s year-end is...

On November 1, Year 1, a company borrows $47,000 cash from Community Savings and Loan. The company signs a three-month, 6% note payable. Interest is payable at maturity. The company’s year-end is December 31.

1.-3.Record the necessary entries in the Journal Entry Worksheet below.
(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)