Kelly Jones and Tomi Crawford borrowed $18,000 on a 7-month, 10% note from Gem State Bank to open their business, Sandhill'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 monully) Debit Credit Date Account Titles and Explanation June 1 Canh 18000 Notes Povable 18000 eTextbook and Media List of Accounts Attempts unlimited (b) Prepare the entry to accrue the interest on June 30. (Oled account there automatically indented when amount is entered Do not indien mooly Account Titles and Explanation Debit Credit Date June 30 Textbook and Media List of Accounts Attempts unlimited Prepare the entry to accrue the interest on June 30. (Credit account titles are automatically indented when amount is not indent manually.) Credit Debit Date Account Titles and Explanation Interest Expense 150 June 30 150 Interest Payable e Textbook and Media List of Accounts Attempts: unlimited (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 e Textbook and Media List of Accounts Attempts: unlimited Submit Answer Safor Later