Sunland Limited borrowed $82,800 from National Limited on July 1 and issued a three-month note payable at 5% due at maturity on October 1. Sunland's year end is August 31 and the company records adjusting entries only at that time. (a) Your answer is correct. Prepare the journal entry to record the receipt of $82.800 cash and the issue of the note on July 1. (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 Account Titles July 1 rash Debit 82800 Credit Notes Payable eTextbook and Media List of Accounts Using multiple attempts will impact your score 10% score reduction after attempt 2 (b) 82800 Attempts: 1 of 3 used Your answer in partially correct Prepare the journal entry to record the accrual of interest expense on August 31. (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 Account Titles Aug 31 Debit Credit