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Exercise 10-1 (Part Level Submission) Kelly Jones and Tami Crawford borrowed $29,143 on a 7-month, 7% note from Gem State Bank to open their business,

Exercise 10-1 (Part Level Submission)

Kelly Jones and Tami Crawford borrowed $29,143 on a 7-month, 7% note from Gem State Bank to open their business, JCs Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018.

Prepare the entry to accrue the interest on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
June 30

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