On January 1, 2018. Nantucket Ferry borrowed $15,300,000 cash from BankOne and issued a five-year, $15,300,000, 5% note. Interest was payable annually on December 31. Prepare the journal entries for both firms to record interest at December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list