I$$d like to ask an expert.

$$Jurassic Jumpers Co

$.$

$($

JJ Co

$.$

$)$

$$offers bungee jumping for those looking for an extreme outing. JJ Co

$.$

$$prepares annual financial statements and has a December

$3$

$1$

$,$

$2$

$0$

$2$

$3$

$$year

$-$

end.

$$

On April

$1$

$,$

$2$

$0$

$2$

$3$

$,$

$$JJ Co

$.$

$$took out a five

$-$

year, $

$9$

$4$

$0$

$,$

$0$

$0$

$0$

$$bank loan with an interest rate of

$3$

$\%$

$.$

$$Interest expense is paid on the first day of each month.

On July

$1$

$,$

$2$

$0$

$2$

$3$

$,$

$$JJ Co

$.$

$$issued a two

$-$

year, $

$5$

$1$

$,$

$7$

$5$

$0$

$$Note Receivable with an interest rate of

$4$

$\%$

$.$

$$Interest income will be collected on January

$1$

$$and July

$1$

$$of each year.

On December

$1$

$5$

$,$

$2$

$0$

$2$

$3$

$,$

$$JJ Co

$.$

$$took a university student club bungee jumping for $

$3$

$,$

$0$

$5$

$0$

$.$

$$The student club was invoiced on December

$3$

$1$

$,$

$2$

$0$

$2$

$3$

$$and paid JJ Co

$.$

$$on January

$1$

$5$

$,$

$2$

$0$

$2$

$4$

$.$

Required:

Record the adjusting journal entries at December

$3$

$1$

$,$

$2$

$0$

$2$

$3$

$.$