er/index.html?launchld=bbc2524a-ab97-4c89-bec3-65790cfd223d#/question/1 Question 2 of 8 View Policies Show Attempt History 0.42/2 Current Attempt in Progress Michelle Anthony and Laura 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, 2027, and the note matures January 1, 2028. (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, 2028. 13 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.) (a) June 1, 2027 $ (b) June 30, 2027 Assets Cash 18,000 i = tA $ Liabilities Notes Pay. Interest Pay. 18,000 150