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Gaorze and Kanneth borrowsd $30,000 an a 7-manth, 554 note from Gam State Bank to open their business, Oriale's Coffee House The money was barroved
Gaorze and Kanneth borrowsd \$30,000 an a 7-manth, 554 note from Gam State Bank to open their business, Oriale's Coffee House The money was barroved on June 1,2025 , and the nate matures January 1,2026. Prepars the sntry to racord the recsipt of the funds from the lasn. (List all debit entries before credit entries. Credit account tities 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 O for the amounts.) Prepars the sntry to accrus the interest on June 30 . (List all debit entries before credit entries. Credit account titles are outomatically 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.) eTextbook and Medla Assuming adiusting entries ars made at the snd of each month, determine the balance in the Interest Peyabls account at Desember 31, 2025. Balance in interest payable account \$ Prepars the antryracuirsd on January 1, 2026, when the laan is paid back (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 O for the amounts.)
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