You are viewing Attempt 1 On July 1, 2018, Nakhboda Limited received an 18-month loan for $49,600 from a bank at 6% and with these funds and another $15,900 cash, purchased a vehicle for $65,500. Prepare the journal entries to record each of the following on Nakhooda's books: The accrual of interest at Nakhooda's year end, December 31, 2018 and 2019, assuming adjusting entries are recorded annually and interest is due at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Cred Dec. 31, 2018 Dec. 31, 2019 Attempts: 0 of 3 used Repayment of the interest and the loan on January 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) ate Account Titles and Explanation Debit Credi Jan. 018 Attempts: 0 of 3 used