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Kally Jones snd Tami Crawford borrowed $18,000 on a 7-month, 10% note from Gem State Bank to open their busincss, Sandhill's Coffes House. The money

Kally Jones snd Tami Crawford borrowed $18,000 on a 7-month, 10% note from Gem State Bank to open their busincss, Sandhill's Coffes House. The money was borrowed on June 1, 2022, and the note matures January1, 2023. Prepare the cntrytorscord therecsipt of the funds from ths loan (Credinaccount titles are dutomatically indknted aten amountia entered Donot indentmanudliy Date Account Titles and Explanation Debit Credit Nerea Paysb e Textbook and Medla List of Accounts Attempts 2 of 3 used (b) Prepare the entry to accrue the interest on Juns 30 (Chedit account titles are outomatically indented when amount etered Donot indent manually Debit Credit Date Account Titles and Explanation June 30 Irterest Expenas narast Payable e Textbook and Medla List of Accounts Attempts O of used Sav for Leter (c) availabla whan you cornplata the pn aoe This part The parts of this e image text in transcribed
Kally Jones and Tam Crawford borrowed $10,000 on a 7-month, 109 nota from Gan State Bank to open their business, Sanchill's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023, ( a) Your answers estrect, Prepare the entry to record the receipt of the funds from the loan (Credit accounts are automatically indented when amount is entered Do not indent manually Debit Credit Date Account Titles and Explanation June 1 CAL 18000 35000 Notawal e Textbook and Media List of Account Attempte 2 of used (b) Prepare the entry to accrue the interest online 20 cm indent man Det Credit Date Account Titles and Explanation June 30 Acco

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