3 Exercise#13-ACCRUED EXPENSES: Cinema Inc. borrows $15,000 at 8% interest for months on June1 Instructions: A. Prepare the journal entry for the borrowing of funds on June 1. B. Prepare note payable? the adjusting entry to accrue the monthly interest expense at June 30 on the Exercise#14-ACCRUED EXPENSES: Dune Corporatio five-day work week on Fridays. June 30 falls on a Thursday; financial statement will prepared that day. Instructions: n pays its employees $1,000 per be A. What is the adjusting entry for the accrual of salaries and wages for the last week of the month of June? B. What is the journal entry for the payment of salaries and wages on July 1