Question: Please help me answer this question? Jurassic Jumpers Co. (JJ Co.) offers bungee jumping for those looking for an extreme outing. JJ Co. prepares annual

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Jurassic Jumpers Co. (JJ Co.) offers bungee jumping for those looking for an extreme outing. JJ Co. prepares annual financial statements and has a December 31, 2023 year-end. a. On April 1, 2023, JJ Co. took out a five-year, $720,000 bank loan with an interest rate of 3%. Interest expense is paid on the first day of each month. b. On July 1, 2023, JJ Co. issued a two-year, $54,000 Note Receivable with an interest rate of 4%. Interest income will be collected on January 1 and July 1 of each year. c. On December 15, 2023, JJ Co. took a university student club bungee jumping for $3,900. The student club was invoiced on December 31, 2023 and paid JJ Co. on January 15, 2024. Required: Record the adjusting journal entries at December 31, 2023. View transaction list Journal entry worksheet 2 3 Record accrued interest expense. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2023

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