Kelly Jones and Tami Crawford borrowed $26,000 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 ne matures January 1, 2018. 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.) Debit Credit Date Account Titles and Explanation 26000 June 1 Notes Payable 910 Interest Payable eTextbook and Media List of Accounts tities are automatically indented when amount is entered. Do not indent LJILI YLU due te 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 eTextbook and Media List of Accounts 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 $ eTextbook and Media List of Accounts Prepare the entry required on January 1, 2018, when the loan is paid back. (Credit account titles are automatically indented when amount is entered Det inden Prepare the entry required on January 1, 2018, when the loan is paid back. (Credit account titles are automatically indented when amount is entered. Do no Date Account Titles and Explanation Debit Credit Jan. 1, 2018 eTextbook and Media List of Accounts Attempts of 3 used Save