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1 of 6 < > Current Attempt in Progress -74 E Betty Mark and Helen borrowed $13,800 on a 7-month, 10% note from Gem State

1 of 6 < > Current Attempt in Progress -74 E Betty Mark and Helen borrowed $13,800 on a 7-month, 10% note from Gem State Bank to open their business, Cullumber's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. (a)-(b), (d) (a) Prepare a tabular summary to record the receipt of the funds from the loan. (b) Prepare a tabular summary to accrue the interest on June 30. (d) Prepare a tabular summary to record the repayment of the loan on January 1, 2023. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Notes Pay. Liabilities Interest Pay Question 1 of 6 (c) Assets Cash (a) June 1, 2022 $ (b) June 30 2022 (d) Jan. 1, 2023 eTextbook and Media List of Accounts Save for Later Notes Pay. $ Liabilities 8 Interest Pay. -/4E Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. MacBook Air

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