Waterway is thinking of repaying all amounts outstanding to her grandmother. Recall that Matcha Creations borrowed NT$$2,040$ on

November $16,2021,$ from Waterway's grandmother. Interest on the note is $6\%$ per year, and the note plus interest was to be repaid in

$24$ months. Recall that a monthly adjusting journal entry was prepared for the months of November $2021(1/2$ month$),$ December

$2021,$ and January $2022.$

Calculate the interest payable that was accrued and recorded to July $31,2022,$ assuming monthly adjusting entries were made.

$($Round answer to $0$ decimal places, e$.$g$.125.)$

Interest payable NT$ $86\mathrm{.}7$Waterway repays her grandmother on September $15,2022-10$ months after her grandmother extended the loan to Matcha

Creations. Prepare the journal entry for the loan repayment. $($Credit account titles are automatically indented when amount is entered.

Do not indent manually. Round answer to $0$ decimal places, e$.$g$.125.)$

Date Account Titles and Explanation