Butte Co. loaned $25,000 to Beavis Co. on June 1 , at 12% interest for 3 months. What adjusting entry will Butte Co. have to make on June 30 before preparing the financial statements on June 30? Schleis Co. holds Murphy Inc.'s $10,000,120-day, 9% note. What is the entry to be made by Schleis Co. when the note is collected, assuming no interest has previously been accrued