Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed 52,000 on November 16, 2019, from Natalie's grandmother. Interest on the note is 6% per year, and the note plus interest was to be repaid in 24 month5. Recall that a monthly adjusting journal entry wis prepared for the months of November 2019 (1/2 month), December 2019, and Jantary 2020 (a) Calculate the interest payable thait wai accrued and recorded to dul y 31,2020, assumine monthly adjunting entries were made. Prepare the fournal entry at August 31, 2020, to record one month's accrued interest. (Credit account titles are automoticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)