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, 2020 year-end. a. On April 1, 2020, JJ Co. took out a five-year, $560,000 bank loan with an interest rate of 3%. Interest expense is paid on the first day of each month. b. On July 1, 2020, JJ Co. issued a two-year, $65,500 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, 2020, JJ Co. took a university student club bungee jumping for $3,100. The student club was invoiced on December 31, 2020 and paid JJ Co. on January 15, 2021. Required: Record the adjusting journal entries at December 31, 2020.