d. On August 31, 2018, Shocker borrows $61,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2019.

Required:

Record the necessary adjusting entries for Shocker at December 31, 2018. No adjusting entries were made during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)