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CALCULATOR PRINTER VERSION BACK NEXT Exercise 10-01 Kelly Jones and Tami Crawford borrowed $20,000 on...

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CALCULATOR PRINTER VERSION BACK NEXT Exercise 10-01 Kelly Jones and Tami Crawford borrowed $20,000 on a 7-month, 9 the note matures January 1, 2023 note from Gem State Bank to open their business, Carla Vista's Coffee House. The money was borrowed on June 1, 2022, and Prepare the entry to record the receipt of the funds from the loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 1 SHOW LIST OP ACCOUNTS Prepare the entry to accrue the interest on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manual) Debit Credit Date Account Titles and Explanation June 30 Assuming adjusting entries are made at the end of each month, determine the balance in the Interest Payable account at December 31, 2022 Balance in interest payable account SHOW LIST OF ACCOUNTS Prepare the entry required on January 1, 2023, when the loan is paid back. (Credit account titles are automatically indented won amount is entered. Do not indent manually Date Account Tities and Explanation Debit Jan. 1, 2023 Click If you would like to Show Work for this questions Open Show Work OF ACCOUNTS

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