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Jurassic Jumpers Co. (J.J Co.) offers bungee jumping for those looking for an extreme outing iJ Co prepares annual financiai statements and has a December

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Jurassic Jumpers Co. (J.J Co.) offers bungee jumping for those looking for an extreme outing iJ Co prepares annual financiai statements and has a December 31,2023 year-end. a. On April 1, 2023, JJ Co. took out a five-year, $620,000 bank loan with an interest rate of 3%. Intereat expense is paid on the frut day of each month. b. 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. c. On December 15,2023,1J Co. took a university student club bungee jumping for $1,800. The student club was invoiced on December 31,2023 and paid 1 Co. on January 15.2024

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