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Sheridan Company had the following trial balance at June $30,2024($its year end$)$:

During the month of July, the following selected transactions took place:

July $2$ Paid $$900$ cash for rent for July, August, and September.

$10$ Purchased $$170$ of supplies for cash.

$14$ Collected the full balance of accounts receivable.

$20$ Received $$700$ cash from a customer for services to be provided in August.

$25$ Provided $$1,420$ of services for a customer and immediately collected cash.

Additional information:

At July $31,$ the company had provided $$770$ of services for a customer that it had not billed or recorded.

Supplies on hand at July $31$ were $$810.$

The equipment has a six$-$year useful life.

As at July $31,$ the company had performed services of $$820$ that had been paid in advance and were recorded as unearned revenue.

$($a$)$

During $2024,$ Shamrock Co$.$ borrowed cash from Sarasota Company by issuing notes payable as follows

June $1,2024,$ issued an eight$-$month, $5\%$ note for $$75,600.$ Interest and principal are payable at maturity.

October $1,2024,$ issued a three$-$month, $6\%$ note for $$45,600.$ Interest is payable monthly on the first day of the month.

Principal is payable at maturity.

Shamrock has a November $30$ fiscal year end and prepares adjusting entries on an annual basis.

Prepare all necessary interest payment transactions for Shamrock in $2024$ and $2025.$ Prepare separate adjusting entries for each

note. $($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 $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

$($Paid interest expense on note issued Oct. $1,2024.)$

$($To accrue interest on note issued June $1,2024.)$