Please show work.

Kelly Jones and Tami Crawford borrowed $24,000 on a 7-month, 7% note from Gem State Bank to open their business, Ivanhoe's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. (a) Your answer is correct. Prepare the entry to record the receipt of the funds from the loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation June 1 Cash Notes Payable 24000 24000 eTextbook and Media List of Accounts Attempts: 1 of 5 used (b) Your answer is partially correct. Prepare the entry to accrue the interest on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation June 30 Interest Expense 980 Interest Payable 980 e Textbook and Media List of Accounts Save for Later Attempts: 3 of 5 used Submit