Tammy Smith and Terri Martinez borrowed $36,000 on a 7-month, 4% note from Gem State Bank to open their business, C's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018. (a) Prepare a tabular summary to record the receipt of the funds from the loan. (b) Prepare a tabular summary to accrue the interest on June 30. (d) Prepare tabular summary to record the repayment of the loan on January 1, 2018. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Revenue Expense Dividend Cash Notes Pay. + Interest Pay. + Common Stock + (a) June 1, 2017 $ $ $ $ (b) June 30, 2017 Interest expense (d) Jan 1, 2018 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: SIMILAR EXERCISE VIDEO: SIMILAR EXERCISE VIDEO: SIMILAR EXERCISE Assuming adjustments are made t the end of each month, determine the balance in the Interest Payable account at December 31, 2017. Balance in interest payable account Ivanhoe Company issued $415,000, 15-year, 7% bonds at 97. Prepare a tabular summary to record the sale of these bonds on January 1, 2017. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Revenue Expense Cash Bonds Pay. + Disc. on Bonds Pay. + Common Stock + Dividend Jan.1 $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT Suppose the remaining Discount on Bonds Payable was $7,470 on December 31, 2022. Show the balance sheet presentation on this date. IVANHOE COMPANY Balance Sheet (Partial)