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Hi , I need help with this question please. Question 47 (5 points) On May 1, Batten Corporation borrows $180,000 from Gavin Bank by signing

Hi , I need help with this question please.

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Question 47 (5 points) On May 1, Batten Corporation borrows $180,000 from Gavin Bank by signing an 9- month, 5%, bank loan. Interest is due at maturity. REQUIRED: Prepare the entries listed below associated with the bank loan on the books of Batten Corporation. Its year end is December 31. a. The entry on May 1 when the loan was received. b. Any adjusting entries necessary on December 31. Assume no other interest accrual entries have been made. c. The entry to record repayment of the loan at maturity

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