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Donna Kenneth and Carol Crawford borrowed $ 2 6 , 0 0 0 on a 7 - month. 6 % note from Gem State Bank

Donna Kenneth and Carol Crawford borrowed $26,000 on a 7-month. 6% note from Gem State Bank to open their business, Pharoah's Coffee House. The money was borrowed on June 1,2027, and the note matures January 1,2028.
(a)-(b),(d)
(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 1,2028.
Include margin explanations for the changes in revenues and expenses. Mf a transaction causes a decrease in Assets, Liabifities or Stock olders'Equity, place o negative sign (or parentheses) in fron to the ansount entered for the particular Asset, Liability or Equity item that was reduced)q,q,
Liabilities
Cash
=q,
Notes Pay
(a) June 1,2027
$
s
(b) June 30,2027
(d) Jan 1,2028
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