z on June 1 with onpany Y purchases $1,500 of merchandise from Company Nredit terms 3/10, n/30. Company on June 10, Company 2 received full payment from Company Y. The amount paynent on June 10 is Yreturns $300 of the merchandise on June 4 of the $ 1.000 s 1,164 d. 1,200 25 on July 1, Mauney's Sports Store paid $14, 640 to Cull unber Realty for 4 months rent beginning July 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by Mauney's Sports Store is Debit Rent Expense, $3, 660: Credit Prepaid Rent, 33, 660. Debit Prepaid Rent, $3,660; Credit Rent Expense, $3,660. Debit Rent Expense, $14, 640; Credit Prepaid Rent, $3,660 Debit Rent Expense, $14, 640: Credit Prepaid Rent, $14, 640. 26 Jerry borrowed a $160,000 bank loan on July 1, 2018 at annual interest rate for six-months ending December 31, 2018. The loan will be repaid on January 1, 2019. Please prepare the Journal Entries to record the July 1 loan, the accrued interest on December 31 and the repayment on January 1. Account Titie and Explanation DebitCredit