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record the recipet of 13000 cash from the loan on july 1 2023, the accrual of intrest on dec 31 2023 the first installment of

record the recipet of 13000 cash from the loan on july 1 2023, the accrual of intrest on dec 31 2023 the first installment of payment on june 30 2024 and the accrual of intrest on dec 31 2024

Intrest rate = 5%image text in transcribed

image text in transcribed

Record (1) the receipt of $13,000 cash from the loan on July 1,2023 ; (2) the accrual of interest on December 31, 2023; (3) the first instalment payment on June 30, 2024; and (4) the accrual of interest on December 31, 2024. (Round answers to 0 decimal places, e.g. 5,275. 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 all debit entries before credit entries.) 2024 June 30 Interest Payable Notes Receivable Cash Dec. 31 Interest Expense Interest Payable \begin{tabular}{|r|r|} \hline \\ \hline \end{tabular} 6341 333 Record (1) the receipt of $13,000 cash from the loan on July 1,2023 ; (2) the accrual of interest on December 31, 2023; (3) the first instalment payment on June 30, 2024; and (4) the accrual of interest on December 31, 2024. (Round answers to 0 decimal places, e.g. 5,275. 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 all debit entries before credit entries.) 2024 June 30 Interest Payable Notes Receivable Cash Dec. 31 Interest Expense Interest Payable \begin{tabular}{|r|r|} \hline \\ \hline \end{tabular} 6341 333

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