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courses/32720/assignments/476538 The balance sheet for Carla Vista Co. reports the following information on July 1, 2022. CARLA VISTA CO. Balance Sheet (partial) Long-term liabilities Bonds payable $2,000,000 Less: Discount on bonds payable 45,000 $1,955,000 Carla Vista decides to redeem these bonds at 105 after paying annual interest. lly indented when amount is entered. Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automa Do not indent manually.) Debit Credit Date Account Titles and Explanation July 1 11:00 Kelly Jones and Tami Crawford borrowed $13,200 on a 7 month, 5% note from Gem State Bank to open their business, Crane's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. Prepare the entry to record the receipt of the funds from the loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 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 Credit June 30 e Textbook and Media List of Accounts Assuming adjusting entries are made at the end of each month, determine the balance in the Interest Payable account at December 31. 2022. Balance in interest payable account $ Prepare the entry required on January 1, 2023, when the loan is paid back. (Creditoccount titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2023