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Kelly Jones and Tami Crawford borrowed $15,000 on a 7 month, 826 note from Gem State Bank to open their business, JC's Coffee House. The

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Kelly Jones and Tami Crawford borrowed $15,000 on a 7 month, 826 note from Gem State Bank to open their business, JC's 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 Cash 15000 Notes Payable 15000 (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 e Textbook and Media

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