House. The money was borrowed on June 1, 2017, and the note matures January 1,2018....
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House. The money was borrowed on June 1, 2017, and the note matures January 1,2018. 6 Your answer is partially correct. 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 manuolly.) 6 Your answer is partially correct. Prepare the entry to accrue the interest on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Assuming adjusting entries are made at the end of each month, determine the baiance in the interest payabre accourit at December 31, 2017. Balance in interest payable account eTextbook and Media List of Accounts (2) Your answer is partially correct. Prepare the entry required on January 1, 2018, when the loan is paid back (Credit occount titles are automatically indented when amount is entered. Do not indent manually)
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