Alhara Corporation, whose fiscal year ended June 30, 20xx, completed the following transactions involving notes payable:
May 21 Obtained a 60-day extension on a $36,000 trade account payable owed to a supplier by signing a 60-day, $36,000 note.
June 30 Made the end-of-year adjusting entry to accure interest expense.
July 20 Paid off the note plus interest due the supplier.
Prepare the Journal entries for above transactions.