.../1 Question 5 of 10 View Policies Current Attempt in Progress On July 1.2021, the Canada Bank lent $54,000 to Sheridan Limited. The 18-month loan bears interest at 5%. Prepare the journal entries to record each of the following on the Canada Bank's books: Your answer has been saved. See score details after the due date. The issue of the bank loan on July 1, 2021. (List all debit entries before credit entries. 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 Date Account Titles and Explanation July 1, Notes Receivable 2021 Debit Credit (c) Collection of the interest and the bank loan on January 1, 2023. (List all debit entries before credit entries. 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 tities and enter for the amounts.) Debit Date Account Titles and Explanation Jan. 1, 2023 Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used