Kelly Jones and Tami Crawford borrowed $15,000 on a 7 month, 8% note from Gem State Bank to open their business. Cs Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023 (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 Titles and Explanation Debit Credit June 1 C TO Notis Pa e Textbook and Media Attempts (c) 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 eTextbook and Media List of Accounts Attempts: 0 of 5 used Submit Answer Save for Later (d) The parts of this question must be completed in order. This part will be available when you complete the part above