Brief Exercise 10-2 Graves Company borrows $72,100 on July 1 from the bank by signing a $72,100, 996, 1-year note payable. Prepare the journal entries to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) July 1 Prepare the journal entries to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year. (Round to O decimal places, e.g. 62. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dec. 3 Click if you would like to Show Work for this question Open Show Work