Kelly Jones and Tami Crawford borrowed $14,000 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. Prepare the entry to record the receipt of the funds from the loan. (Credit account titles are outomatically indented when amount is entered. Do notindent manually.) Prepare the entry to accrue the interest on June 30. (Credit account titles ore outomotically indented when amount is entered. Do not indent manually.) Assuming adjusting entries are made at the end of each month, determine the balance in the interest payable account at December 31,2017 Balance in interest payable account Prepare the entry required on January 1, 2018, when the loan is paid back. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.)