Sunland Financial Services loaned Sharp Inc. $100,000 cash in exchange for a one-year, 3% note on July 1, 2021. Interest is payable quarterly beginning on October 1, 2021. Sunland has a December 31 year end and records adjusting entries annually. Record Sunland's entries related to the note on July 1 and October 1, 2021. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Lend cash in exchange for a note.) (Collect interest earned.) Prepare the adjusting journal entry for accrued interest on December 31, 2021. (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 for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 (To accrue interest earned.) eTextbook and Media List of Accounts Indicate what amounts will be reported on Sunland's December 31, 2021, balance sheet related to the note receivable. Interest receivable $ Note receivable e Textbook and Media List of Accounts