Journalize the following entries on the books of the borrower and creditor. (Assume a 360 -day year is used for interest computations.) June 1 James Co. purchased merchandlse on account from O'Leary C0,$90,000, terms n/30. The cost of merchandise sold was $54,000. 30 James Co. issued a 60 -day, 5% note for $90,000 on account. Aug. 29 James Co, paid the amount due. James Co. (Borrower), If an amount box does not require an entry, leave it blank. OLeary CO0, (Creditor). If an amount box does not require an entry, leave it blank. O'Leary Co. (Creditor). If an amount box does not require an entry, leave it blank