Sheridan Hoadley and Lisa Quayle borrowed $14,400 on a 7-month, 9% bank loan from BMO Bank of Montreal to open their business, SL's Coffee House Inc. The money was borrowed on June 1, 2022, and the loan matures January 1, 2023. Interest is due at maturity. (a) V Your answer is correct. Prepare the entry to record the bank loan. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jun. 1, 2022 Cash 14400 Bank Loan Payable 14400(b) Prepare the entry to accrue the interest on June 30. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Jun. 30, 2022