Journal entry worksheet < 7 8 10 11 12 12 37 Great Adventures obtains a $48,000 low-interest loan for the company from the city council, which has recently passed an initiative encouraging business development related to outdoor activities. The loan is due in three years, and 6% annual interest is due each year on July 31. Note: Enter debits before credits. Date Aug 01, 2021 General Journal Debit Credit Prev B Next >