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Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2018, from Natalie's grandmother. Interest

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Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2018, from Natalie's grandmother. Interest on the note is 6% per year, and the note plus interest was to be repaid in 24 months. Recall that a monthly adjusting journal entry was prepared for the months of November 2018 (1/2 month), December 2018, and January 2019. Calculate the Interest payable that was accrued and recorded to July 31, 2019, assuming monthly adjusting entries were made. Interest payable Prepare the journal entry at August 31, 2019, to record one month's accrued interest. (Credit account titles are automatically indented when amount is entered Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 31 Natalie repays her grandmother on September 15, 2019-10 months after her grandmother extended the loan to Cookie Creations. Prepare the journal entry for the loan repayment. (Credit account titles are automatically indented when amount is entered. Dorot indent manually.) Date Account Titles and Explanation Debit Credit Sept. 15 O e ADO ommy, 10e System Announcements Prepare the journal entry at August 31, 2019, to record one month's accrued interest. (Credit account titles are automatically indented when amount is en Do not indent manually.) CALCULATOR PRINTER VERSION BAC Date Account Titles and Explanation Aug. 31 Debit Credit Natalie repays her grandmother on September 15, 2019-10 months after her grandmother extended the loan to Cookie Creations. Prepare the journal entry for the repayment. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Sept. 15 Credit Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used

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