On January 1, 2024, Nantucket Ferry borrowed $15,800,000 cash from BankOne and issued a five-year, $15,800,000, 4% note. Interest was payable annually on December 31. Prepare the journal entries for both firms to record interest at December 31, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 2 Record the entry for Nantucket Ferry for the interest payment. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 Record the entry for BankOne for the receipt of interest. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit View general journal Record entry Clear entry