Kelly Jones and Tami Crawford borrowed ( $ 1 5 , 7 5 0
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Question:
Kelly Jones and Tami Crawford borrowed $ on a month, note from Gem State Bank to open their business, Blossom's Coffee House. The money was borrowed on June and the note matures January Prepare the entry to record the receipt of the funds from the loan. Credit occount titles are outomatically indented when amount is entered. Do not indent manually.Prepare the entry to accrue the interest on June Credit occount titles are automaticolly indented when amount is entered. Do not indent manually,Assuming adjusting entries are made at the end of each month, determine the balance in the Interest Payable account at December Balance in interest payable account eTextbook and Media List of Accounts Prepare the entry required on January when the loan is paid back. Credit account titles are outomatically indented when amount is entered. Do not indent manually.
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