Current Attempt in Progress Betty Mark and Helen borrowed $13,800 on a 7-month, 10% note from Gem State Bank to open their business, Cullumber's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. (a)-(b), (d) Your Answer Correct Answer (Used) (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, 2023. Include margin explanations for the changes in revenues and expenses. (If 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.) Assets, 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.) (a) June 1, 2022 (b) June 30, 2022 Assets Cash 13,800 Notes Pay. 13,800 Liabilities Interest Pay. 115 (d) Jan. 1, 2023 -14,60 -13,800 -805 (c) (d) Jan. 1, 2023 -14,605 -13,800 -805 Assuming adjustments are made at the end of each month, determine the balance in the Interest Payable account at December 31, 2022. Balance in interest payable account eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit