Exercise 10-1 4% note from Gem State Bank to open their business, JC's Coffee House. The money was borrowed on Kelly Ones and Tami Crawford bo owed $46,500 on a 7 month, June 1, 2017, and the note matures January 1, 2018. Your answer is correct indented when amount is entered. Do not indent Prepare the entry to record the receipt of the funds from the loan. (Credit account titles are automatically manualy.) Date Account Titles and Explanation June 1 Cash Credit 46500 Notes Payable SHOW LIST OF ACCOUNTS SHOW ANSWER VIDEO: APPLIED SKII AS VIDEO, SIMILAR EXERC?M LINK TO TEXT Your answer is partially correct. Thy again. automatically indented when amount is entered, De not indent manually) Prepare the entry to accrue the interest on June 30. (Credit account titlen are a Debit Credit Date Account Titles and Explanation 154 urve 30 nterest Expense