Assignment #8 - Chapter 10 Question 12 of 28 0.86 / 3 Current Attempt in Progress Fischer Company borrowed $60,000 from National bank on August 1 for three months; 6% interest is payable the first of each month starting September 1. Fischer's year end is September 30 and the company records adjusting entries only at that time. (a) . Your answer is partially correct. Prepare the journal entry that National Bank would record, assuming it makes adjusting entries monthly, for the payment of the bank loan to Fischer Company on August 1. (Credit account titles are automatically indented when the amount is entered. Do not indent ONWP Assessment Pl... Assignment #8 - Chapter 10 estion 12 of 28 0.86/3 Your answer is partially correct. Prepare the journal entry that National Bank would record, assuming it makes adjusting entries monthly, for the payment of bank loan to Fischer Company on August 1. (Credit account titles are automatically indented when the amount is entered. Do not in manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit CH August 1 60000 V bank Cash H NIMAIS