26 Jerry borrowed a $160,000 bank 1oan on July 1, 2018 at 51t annual interest rate for six-months 0,000 bank loan on July 1, 2018 at 5% annual interest rate for six-months ending December 31, 2018. The loan will be repaid on January 1, 2019. Please prepare the Journal Entries to record the July 1 loan, the accrued interest on December 31 and the repayment on January Date Account Title and Explanation Debit Credit