Pape of 9) On July 31, 2013 KAT Watches was approved for a $2,600,000, 6 year term loan, bearing interest of 9.23% per annum. Interest payments are on each July 31st of the next 6 years 10) Os October 31, 2013 KAT Watches Inc shipped (FOB-shipping point) San-Glass Hut 10.000 custom watches paid for in entry **". (Hinto this transaction will produce two journal entries) Be Careful. You will need to perform a few anthmetic calculations as well Pape of 9) On July 31, 2013 KAT Watches was approved for a $2,600,000, 6 year term loan, bearing interest of 9.23% per annum. Interest payments are on each July 31st of the next 6 years 10) Os October 31, 2013 KAT Watches Inc shipped (FOB-shipping point) San-Glass Hut 10.000 custom watches paid for in entry **". (Hinto this transaction will produce two journal entries) Be Careful. You will need to perform a few anthmetic calculations as well