Current Attempt in Progress Kelly Jones and Tomi Crawford borrowed $18,000 on a 7-month, 10% note from Gem State Bank to open their business, Sandhill's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023, Your answer is correct, Prepare the entry to record the receipt of the funds from the loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 1 Cash 18000 Notes Payable 18000 e Textbook and Media List of Accounts Your answer is correct Prepare the entry to accrue the interest on June 30. (Credit account title ore automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit June 30 Interest Expense 150 Interest Payable 150 e Textbook and Media List of Accounts x Your answer is incorrect Assuming adjusting entries 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 S 150 eTextbook and Media