On January 1, 2021, Nantucket Ferry borrowed $15,200,000 cash from BankOne and issued a six-year, $15,200,000, 8% note. Interest was payable annually on December 31. Prepare the journal entries for both firms to record interest at December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal 1 December 31, 2021 Interest expense Cash 2 December 31, 2021 Cash Interest revenue Debit Credit 1 Record the entry for Nantucket Ferry for the interest payment. 2 Record the entry for BankOne for the receipt of interest