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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

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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 o. On April 1, 2020, JJ Co took out a five-year. $760,000 bank loan with an interest rate of 3% Interest expense is paid on the first day of each month b. On July 1, 2020, JU Co issued a two year. $56.250 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, 2020, JJ Co took a university student club bungee jumping for $4,250 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. View transaction list Journal entry worksheet

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