Ivanhoe Limited borrowed $64.800 from National Limited on July 1 and issued a three-month note payable at 5% due at maturity on October 1.Ivanhoe's year end is August 31 and the company records adjusting entries only at that time. (a) Prepare the journal entry that National Limited would record on the note it received from Ivanhoe Limited, assuming it makes adjusting entries monthly, for the payment of $64,800 to Ivanhoe Limited on July 1. (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 enter 0 for the amounts. List debit entry before credit entry.) Prepare the journal entries that National Limited would record on the note it received from Ivanhoe Limited, assuming it makes adjusting entries monthly, for the accrual of interest income on July 31, August 31, and September 30. (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 enter 0 for the amounts. Record journal entries in the order presented in the question statement. List all debit entries before credit entries.)