Lexcon Farm employs one worker. The employee works Monday to Friday and is paid a weekly salary of $560 every Friday. As of July 31, 2018, all of July's weekly salaries have been paid except the amounts for Monday, July 30 and Tuesday, July 31. The last two days of July's salary of paid on Friday, August 3 along with the first three days of August's salary. Lexcon Farm records all adjusting entries on a monthly basis.

a) Prepared an adjusting entry on July 31, 2018 to accrue the employee's salary for Monday, July 30 and Tuesday, July 31.

b) Record the payment of salary on August 3, 2018.

On November 1, 2022, Miller Web Services borrowed $100,000 from Big Bank. The loan plus interest is to be repaid on January 1. 2023. The interest rate on this bank loan is 6%. Prepare all entries associated with the above transaction, assuming Miller prepares monthly adjusting entries and pays the loan plus interest on tha due date