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can you help me in this exersise answer Accrued Interest Revenue Sally Shutter runs a camera and portrait business and the Accounting Reports are prepared

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Accrued Interest Revenue Sally Shutter runs a camera and portrait business and the Accounting Reports are prepared each year on 30 June. On April 1, 2020, she decided to deposit $40,000 with the Best Bank' for a period of one year. The conditions of the deposit were that she could not make withdrawals from the account over that period, and that the principal and interest, at the rate of 3%, would be paid to Sally in one year. a. Prepare the journal entry required on June 30, 2020 A narration is not required. 2 marks b. Record the deposit from Best Bank received on March 31, 2021, at the end of the term. A narration is not required. 4 marks General Journal Date Details Debit Credit

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