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Shamrock Enterprises borrows $50.400 from Pharoah Company on July 1, 2024, signing a 8%, one-year note payable. Interest is to be paid at maturity

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Shamrock Enterprises borrows $50.400 from Pharoah Company on July 1, 2024, signing a 8%, one-year note payable. Interest is to be paid at maturity (a) Prepare the journal entry for Shamrock Enterprises to record the receipt of the proceeds of the note (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry) Date July 1, 2024 Account Titles Debit Credit

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