During 2024, Sheffeld Co, borfowed cash from Waterway Company by issuing notes payable as follow:- 1. June 1, 2024, hsued an eight month, 3% note for $60,000. Interest and princlpal are payable at maturity. 2. October 1.2024, issued a three-month, 4% note for 530,000 , Interest is payable monthly oo the first dayy of the month. Principal is payable at maturity Sheffield has a November 30 hical year end and prepares adjusting entries on an annual basis. Question 4 of 4 1.5/3 Youir ankener is comect. entries) (To accrue interest on note issued Oct. 1,2024) (DPy interest owed on note issued Oct, 1, 2024) (Pay. principgl and interest on note iswued Oct. 1, 2024)