On December 31, 2023, Sheridan Link Corporation received a four-year, 6%, $716,000 bank loan. The terms provide for payment of the bank loan with semi-annual instalment payments of $101,999 principal and interest, starting on June 30. Sheridan has a March 31 year end and records adjusting entries annually. (a) Your answer is correct. Record the receipt of the bank loan on December 31, 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) (b) Date Account Titles Dec. 31 Cash Bank Loan Payable eTextbook and Media List of Accounts Your answer is correct. Debit 716,000 Credit 716,000 Assistance Used Attempts: 2 of 3 used Record the accrual of interest expense on March 31, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) (c) Date Account Titles Mar. 31 Interest Expense Interest Payable eTextbook and Media List of Accounts Question 8 of 8 < Debit 10740 Credit 10740 Assistance Used Attempts: 1 of 3 used 0.83/1 E indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 1,234.) Date Account Titles June 30 Interest Expense Bank Loan Payable Cash Debit 10740 91259 716000 Interest Payable 10740 Dec. 31 Interest Expense 18742 Bank Loan Payable 83257 Cash 716000 Credit