ht Question 3 of 12 - 78 Skysong, Inc. borrows $62,200 from Sheridan Company on July 1, 2021 signing a 10%, one-year note payable. Interest is to be paid at maturity Prepare journal entry for Skysong, Inc to record the receipt of the proceeds of the note. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and entero for the amounts) Debit Credit Date Account Titles and Explanation July 1, 2021 (Borrow cash and sign note payable.) e Textbook and Media List of Accounts Prepare journal entry for Skysong, Inc. to record the accrued interest at December 31, assuming adjusting entries are made only at year end. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31, 2021 To accrue interest expense. List of Accounts Prepare journal entry for Skysong, Inc to record the payment of the note at maturity. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts) Date Account Titles and Explanation Debit Credit July 1. 2022 (To record payment of note and interest.) e Textbook and Media List of Accounts