On June 1,2024 , Sandhill Company purchases equipment on account from Moleski Manufacturers for $46,800. Sandhill is unable to pay its account on July 1,2024, so Moleski agrees to accept a three-month, 6% note payable from Sandhill. Interest is payable the first of each month, starting August 1,2024. Sandhill has an August 31 fiscal year end and adjusts its accounts on an annual basis. Record all transactions related to the note for Sandhill Company. (Credit account titles are automotically indented when the anount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the anounts. List all debit entries before creditentries. Round answers to 0 decimal places, eg 5,275. Record journal entries in the order presented in the problem.)