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On June 1, 2024, Sheridan Company purchases equipment on account from Moleski Manufacturers for $6,400,5 heridan is unable to pay its account on July 1,2024,5o

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On June 1, 2024, Sheridan Company purchases equipment on account from Moleski Manufacturers for $6,400,5 heridan is unable to pay its account on July 1,2024,5o Moleski agrees to accept a three-month, 4% note payable from Sheridan Interest is payable the first of each month, starting August 1, 2024. Sheridan has an August 31 fiscal year end and adjusts its accounts on an annual basis. Record all transactions related to the note for Sheridan Company. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, es. 5,275, Record journal entries in the order presented in the problem! Record all transactions rebated to the note for Sheridan Compary. (Credit occount tilles are automatically inderited when the amount is entered. Do not indent monualily. If no entry is required, select "Wo Entry" for the occount tieles and enter 0 for the ancunts. Lbt all debit entries before credit entriles. Round answers to 0 decimd places, es 5,275. Record joumal entries in the order presented in the problem)

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