Question: Answer needed for part D only James and John borrowed $15,000 on a 7-month. 4% note from Gem State Bank to open their business, Blossom's

Answer needed for part D only

James and John borrowed $15,000 on a 7-month. 4% note from Gem State Bank to open their business, Blossom's Coffee House. The money was borrowed on June 1, 2025, and the note matures January 1, 2026. Prepare the entry required on January 1. 2026, when the loan is paid back. (List all debit entries before credit entries. Credit account titles are outomatically indented when 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.)

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