Current Attempt in Progress

On June $1,2024,$ Cullumber Company purchases equipment on account from Moleski Manufacturers for $$64,800.$ Cullumber is

unable to pay its account on July $1,2024,$ so Moleski agrees to accept a three$-$month, $7\%$ note payable from Cullumber. Interest is

payable the first of each month, starting August $1,2024.$ Cullumber has an August $31$ fiscal year end and adjusts its accounts on an

annual basis.

Record all transactions related to the note for Cullumber Company. $($Credit account titles are automatically indented when the

amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts. List all debit entries before credit entries. Round answers to $0$ decimal places, e$.$g$.5,275.$ Record journal entries in

the order presented in the problem.$)$

Date

Account Titles

$2024$

Debit

Credit