Tube Maps Return to Blackboard Kimmel, Survey of Accounting, le Help System Announcements NEXT CALCULATOR PRINTER VERSION BACK EXERCISES Bonny Williams and Natalie Martiner borrowed $12,000 on a 7-month, 6% note from Gem State Bank to open their business, JC's Coffee House. The money was borrowed on June 1, 2017, and the note matures January 1, 2018 Your answer is partially correct. Try again. (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 a 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 Cash Notes Pay. Interest Pay. + Common Stock Revenue Expense Dividend (a) Sune 1, 2017 12000 12000 (b) June 30, 2017 3 (d) jan. 1. 2018 - 12000 SHOW LIST OF ACCOUNTS VIDEO SIAR ENERGIE VIDEO SIRILARENEMISE VIDEO SEARCH VIDEO SIMILARES Your answer is incorrect. Try again Assuming adjustments are made the end of each month, determine the balance in the Interest Payable account at December 31, 2017 Balance in interest payable account MacBook Air