Chris and Daniel borrowed $36,000 on a 7-month, 7% note from Gem State Bank to open their business, Wildhorse's Coffee House. The money was borrowed on June 1, 2025, and the note matures January 1,2026. (a) Prepare the entry to record the recelpt of the funds from the loan. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare the entry to accrue the interest on June 30. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Assuming adjusting entries are made at the end of each month, determine the balance in the Interest Payable account at December 31,2025. Balance in interest payable account Prepare the entry required on January 1, 2026, when the loan is paid back. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)