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. (Credit account titles are outorotically indented when amount is entered. Do not indent manually) Credit Debit Date Account Titles and Explanation July 1 (b) Prepare the journal entry to record the accrued interest at December 31, suming adjusting entries are made only at the end of the year. (Credit occount titles are automatically indented when amount is entered. Do not indent manually Debit Credit Date Account Titles and Explanation Doc 31 Tamarisk, Inc. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $14,840. All sales are subject to a 6% sales tax Compute sales taxes payable Sales takes payable $ Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do nor indent manually) Date. Account Titles and Explanation Debit Mar. 16 Credit Textbook and Media