On August 1, 2022, Colombo Company’s treasurer signed a note promising to pay $120,900 on December 31, 2022. The proceeds of the note were $116,700. Record the journal entry to show the effects of signing the note and the receipt of the cash proceeds on August 1, 2022. Record the journal entry to show the effects of recording interest expense for the month of September. Record the journal entry to show the effects of repaying the note on December 31, 2022.