Edward and Brian borrowed $$24,000$ on a $7-$month, $8\%$ note from Gem State Bank to open their business, Sunland's Coffee House. The money was borrowed on June $1,2025,$ and the note matures January $1,2026.$

Prepare the entry to record the receipt of the funds from the loan. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit