Kelly Jones and Tam Crawford borrowed $30,000 on a month, 9X note from Gem State Bank to open their business, Crane's Coffee House. The money was borrowed on June 1, 2022 and the note matures January 1, 2023. Prepare the entry to record the receipt of the funds from the loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Date Account Titles and Explanation June 1 Credit Notes Pale e Textbook and Media List of Accounts Prepare the entry to true the interest on June 30. (Credit account titles are automatically indented when amount is entered Do not indent manually Date Account Titles and Explanation Debit Credit MacBook Air Question 4 of 6 -/1 Prepare the entry to accrue the interest on June 30. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit June 30 Interest Expense Interest Payable eTextbook and Media List of Accounts Assuming adjusting entries are made at the end of each month, determine the balance in the Interest Payable account at December 31, 2022 Balance in interest payable account $ e Textbook and Media List of Accounts MacBook Air Question 4 of 6 -/1 eTextbook and Media List of Accounts Prepare the entry required on January 1, 2023, when the loan is paid back. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Jan 1. Interest Payable 2023 Notes Payable Cash e Textbook and Media List of Accounts Save for Later Last saved 26 minutes ago Saved work will be auto-submitted on the due date Attempts: 0 of 3 used Submit Answer MacBook Air