Sunland Company borrows $88,800 on July 1 from the bank by signing a $88,800,9%,1-year note payable. (a) Prepare the journal entry to record the proceeds of the note. (List all debit entries before credit entries. Credit account titles are automatically indented when 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.) (b) Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year flist all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent mandally. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)