Problem 8-2B Record notes payable and notes receivable (LO8-2) [The following information applies to

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 $19.1 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 2 2. Record the adjustments on December 31, 2021, for (a) Eskimo Joe's and (b) Stillwater National Bank (Do not round ntermediate calculations. 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.) 1 2 Record the adjusting entry for interest for Eskimo Joe's Note: Enter debits before credits. Journal entry worksheet 1 2 Record the adjusting entry for interest for Stillwater National Bank.

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