On June 1, Sunland Company Ltd. borrows from Scotiabank on a 6-month, $46,400,9% note. The note matures on December 1. Interest is due monthly starting July 1. Sunland only prepares adjusting journal entries at its fiscal year end. Prepare the entry to record the payment of interest on July 1. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit July 1