On October $1,$ Fitness & Lifestyle magazine collected cash of $$5,500$ for annual subscriptions $(12$ issues per year$)$

starting on November $1.$ Journalize the transaction to record the collection of cash on October $1$ and the transaction

required at December $31,$ the magazine's year end, assuming no revenue has been recorded so far. $($Round the

adjustment to the nearest whole dollar.$)$

Begin with the entry to record the collection of cash on October $1.($Record debits first, then credits. Exclude

explanations from journal entries.$)$

$1$ question is this

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On October $31,2022,$ Juniper purchased $$$$20$ comma $000$ of equipment on a$$ one$-$year, $9-$percent note payable. Journalize the$$ company's purchase of$$ equipment, the accrual of interest expense on May$31,2023($its fiscal$$ year$-$end$),$ and the payment of the note plus interest on October $31,2023.$

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Part $1$

Make the journal entries for the transactions that Juniper executed.

October $31,2022$: Juniper purchased $$$$20,000$ of equipment on a$$ one$-$year, $9-$percent note payable. $($Record debits$$ first, then credits. Exclude explanations from journal$$ entries.$)$