Bonny Smith and Tammy Wright borrowed $29,143 on a 7-month, 7% note from Gem State Bank to open their business, JC's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1,2018. Your answer is partially correct (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 1,2018. (Ifa 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.) Liabilities Assets Notes Pay. + Cash Interest Pay. Common Stock (a) June 1,2017 $ (b) June 30, 2017 (d) Jan. 1,2018 29,143 $ 29,143$ 1190 29,143 Bonny Smith and Tammy Wright borrowed $29,143 on a 7-month, 7% note from Gem State Bank to open their business, JC's Coffee House. The money was borrowed on June 1,2017, and the note matures January 1,2018. Your answer is partially correct. (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 1,2018 (f 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.) Stockholders'Equity Retained Earnings Expense Common Stock Revenue Dividend In 1190