Prepare journal entry to record the receipt of the bank loan on August 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Cred August 1 Cash 60000 Bank Loan Payable (b) Your answer is partially correct. Prepare journal entries to record: (1) the payment of interest on September 1. (2) the accrual of interest expense on September 30, (3) the payment of interest on October 1, and (4) the payment of interest on November 1. (Credit account titles are automatically indented when the amount is entered.Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Crec September 1 Interest Expense 3000 Cash September 30 Interest Expense 3000 Interest Payable October 1 Interest Payable 3000 Cash November 1 Interest Payable 3000 Cash Prepare journal entry to record the receipt of the bank loan on August 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Cred August 1 Cash 60000 Bank Loan Payable (b) Your answer is partially correct. Prepare journal entries to record: (1) the payment of interest on September 1. (2) the accrual of interest expense on September 30, (3) the payment of interest on October 1, and (4) the payment of interest on November 1. (Credit account titles are automatically indented when the amount is entered.Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Crec September 1 Interest Expense 3000 Cash September 30 Interest Expense 3000 Interest Payable October 1 Interest Payable 3000 Cash November 1 Interest Payable 3000 Cash