Romez Limited borrowed $66,000 from National bank on July 1 for three months; 5% interest is payable the first of each month, starting August 1. Romez's year end is August 31 and the company records adjusting entries only at that time. (a) Prepare journal entry to record the receipt of the bank loan on July 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)