Fischer Company borrowed $66,000 from National bank on August 1 for three months; 6% interest is payable the first of each month, starting September 1. Fischer's year end is September 30 and the company records adjusting entries only at that time. Prepare journal entry to record the receipt of the bank loan on August 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) ate Account Titles and Explanation 1 Cash Bank Loan Payable Debit 66,000 Credit 66,000