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 $31,2023$ year$-$end.

On April $1,2023,$ JJ Co$.$ took out a five$-$year, $$620,000$ bank loan with an interest rate of $3\%.$ Interest expense is paid on the first day of each month.

On July $1,2023,$ JJ Co$.$ issued a two$-$year, $$57,250$ Note Receivable with an interest rate of $4\%.$ Interest income will be collected on January $1$ and July $1$ of each year.

On December $15,2023,$ JJ Co$.$ took a university student club bungee jumping for $$1,800.$ The student club was invoiced on December $31,2023$ and paid JJ Co$.$ on January $15,2024.$

Required:

Record the adjusting journal entries at December $31,2023.$