Cullumber Financial Services loaned Starp Inc. $99,600 cash in exchange for a onveyear, 2% note...
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Cullumber Financial Services loaned Starp Inc. $99,600 cash in exchange for a onveyear, 2% note on July 1, 2024, interest is payable quarterfy beginning on October 1,2024 . Cutlumber has a December 31 year end and records adjusting entries annually. (a) Record Cullumber's entries related to the note on July 1 and October 1, 2024. (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 ofor the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
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