Exercise 3-6 Preparing adjusting entries (annual)-accrued expenses and revenue L04 Jurassic Jumpers Co. ( Co.) offers bungee jumping for those looking for an extreme outing I Co prepares annual financial statements and has a December 31, 2020 year-end a. On April 1, 2020, JJ Co. took out a five-year, 5500.000 bank loan with an interest rate of 3. Interest expense is paid on the first day of each month b. On July 1, 2020, JJ Co. issued a two-year, 550,000 Note Receivable with an interest rate of 45. Interest income will be collected on January 1 and July 1 of each year. e On December 16, 2020 11 Cn took university student club hungee jumping for $2.000 The student club was invoiced on December 31, 2020 and paid 1 Co. on January 15, 2021 Required Record the adjusting journal entries at December 31, 2020 31, 2020 Exercise 3-6 Preparing adjusting entries (annual-accrued expenses and revenue L04 Jurassic Jumpers Co. (JJ Co.) offers bungee jumping for those looking for an extreme outing II Co prepares annual financial statements and has a December 31, 2020 year-end. a. On April 1, 2020, 11 Co took out a five-year, $500,000 bank loan with an interest rate of 3%. Interest expense is paid on the first day of each month. b. On July 1, 2020, JJ Co. issued a two-year. $50,000 Note Receivable with an interest rate of 45. Interest income will be collected on January 1 and July 1 of each year. e. On December 15, 2020, 11 Cn Innka university student chuh hungee jumping for $2,000. The student club was invoiced on December 31, 2020 and paid JJ Co. on January 15, 2021 Required Record the adjusting journal entries at December 31, 2020 Fyrrise 1.7 Adi