Dorothy Thomas and Lisa borrowed $19,000 on a 7-month, 6% 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. (a)-(b), (d) Your answer is correct. (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 Liabilities + Cash = Notes Pay. + Interest Pay. + (a) June 1, 2022 19000 19000 (b) June 30, 2022 i 95 (d) Jan. 1, 2023 -19665 -19000 -665 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.) + Stockholders' Equity Pd.-in Cap. Retained Earnings + Common Stock + Revenue Expense Di $ i i -95 i 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.) Stockholders' Equity Retained Earnings Revenue Expense Dividend -95 Interest expense i (c) 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 $