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Laura Kevin and Sarah borrowed $46,500 on a 7-month, 4% note from Gem State Bank to open their business, Wildhorse's Coffee House. The money was

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Laura Kevin and Sarah borrowed $46,500 on a 7-month, 4% note from Gem State Bank to open their business, Wildhorse's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. (a)(b),(d) (a) Prepare a tabular summary to record the receipt of the funds from the loan. (b) Prepare a tabular summary to accrue the interest on June 30 . (d) Prepare a tabular summary to record the repayment of the loan on danuary 1.2023. Include margin explanations for the changes in revenues and expenses, (If a transaction couses a decreose in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item Liabilities (a) June 1,2022$ (b) June 30,2022 (d) Jan.1,2023 Stockholders' Equity Pd-in Cap. Retained Earnings \begin{tabular}{l} Common Stock \\ \$ \\ \hline \end{tabular} eTextbook and Media List of Accounts Savefor iater Attempts: 0 of 3 used submit Answer Dividend \$ Laura Kevin and Sarah borrowed $46,500 on a 7-month, 4% note from Gem State Bank to open their business, Wildhorse's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. (a)(b),(d) (a) Prepare a tabular summary to record the receipt of the funds from the loan. (b) Prepare a tabular summary to accrue the interest on June 30 . (d) Prepare a tabular summary to record the repayment of the loan on danuary 1.2023. Include margin explanations for the changes in revenues and expenses, (If a transaction couses a decreose in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item Liabilities (a) June 1,2022$ (b) June 30,2022 (d) Jan.1,2023 Stockholders' Equity Pd-in Cap. Retained Earnings \begin{tabular}{l} Common Stock \\ \$ \\ \hline \end{tabular} eTextbook and Media List of Accounts Savefor iater Attempts: 0 of 3 used submit Answer Dividend \$

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