BE$10\mathrm{.}7($LO $2)($Account for short$-$term bank loan.$)$ Romez Limited borrowed $$60,000$ from National Limited on July $1$ and issued a three$-$month note payable at $5\%$ due at maturity on October $1.$ Romez's year end is August $31$ and the company records adjusting entries only at that time. Prepare journal entries to record $($a$)$ the receipt of $$60,000$ cash and the issue of the note on July $1$; $($b$)$ the accrual of interest expense on August $31$; and $($c$)$ the payment of interest and principal at maturity on October $1.$