Exercise 3-7 Preparing adjusting entries (annual)-accrued expenses and revenue LO4 Jurassic Jumpers Co. (J Co) offers bungee jumping for those looking for an extreme outing JJ Co. prepares annual financial statements and has a December 31,2023 year-end. a. On April 1, 2023, JJ Co. took out a five-year, $600,000 bank loan with an interest rate of 3%.nterest expense is paid on the first day of each month. b. On July 1, 2023, JJ Co. issued a two-year, $67,250 Note Receivable with an interest rate of 4%. Interest income will be collected on January 1 and July 1 of each year c. On December 15, 2023, J Co, took a university student club bungee jumping for $3,300. The student club was invoiced on Becember 31, 2023 and pald JJ Co. on January 15, 2024 Required: Record the adjusting joumal entries at December 31, 2023