Coronado Hoadley and Lisa Quayle borrowed $20,400 on a 7-month, 9% bank loan from BMO Bank of Montreal to open their business, C Ls Coffee House Inc. The money was borrowed on June 1, 2022, and the loan matures January 1, 2023. Interest is due at maturity. (a) Prepare the entry to record the bank loan. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

(b)

Prepare the entry to accrue the interest on June 30. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.)

Date	Accoun

(c)

Assuming adjusting entries are made at the end of each month, determine the balance in the Interest Payable account at December 31, 2022. (Round answer to the nearest whole dollar, e.g. 5,275.)

(d)

Prepare the entry required on January 1, 2023, when the bank loan is repaid along with interest owing. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.)