Prepare the necessary journal entries for the followine transactions: (a) Your answer is correct. On September 1, Concord Company borrowed \$205,200 from Docion County Bank on a 6-month, 10\% note. (Credit account titles are automatically indented when the 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. List debit entry before credit entry.) Account Titles and Explanation Cas cah Debit Notes Payable Credit 205200 eTextbook and Medla Llst of Accounts Attempts: unlimited (b) Your ancwer is partially correct. On December 31, Concord Company acerued interest (assume adjusting entries are only made at the end of the year). (Credit account titles are automatically indented when the 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. List debit entry before credit entry) Account Titles and Explanation Interest Expenos Debit Interest Psyable Credit 10260