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How do I determine the accrue interest on June 30th for Kelly Jones and Tami Crawford? Kelly Jones and Tami Crawford borrowed $33,000 on a

How do I determine the accrue interest on June 30th for Kelly Jones and Tami Crawford?

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Kelly Jones and Tami Crawford borrowed $33,000 on a 7-month, 6% note from Gem State Bank to open their business, JC's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018. v (a) Your answer is correct. 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 Ties and Explanation Debit Credit ~/ ., J J v (b) 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 ' I Click if you would like to Show Work for this question: Qpen Show Work

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