Lily Hoadley and Maria Quayle borrowed $13,600 on a 7-month, 9% bank loan from BMO Bank of Montreal to open their business, L Ms Coffee House Inc. The money was borrowed on June 1, 2022, and the loan matures January 1, 2023. Interest is due at maturity.

Prepare the entry required on January 1, 2023, when the bank loan is repaid along with interest owing. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1, 2023	enter an account title for the journal entry on January 1, 2019	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 1, 2019	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on January 1, 2019	enter a debit amount	enter a credit amount