Question: can anyone help Question /(5 points) On June 1f Babar Corporation borrows $ 40 000 from the bank by signing a 2-month 4:5%% bank loan

can anyone help

Question /(5 points) On June 1f Babar Corporation borrows $ 40 000 from the bank by signing a 2-month 4:5%% bank loan Interest is due at the beginning of each month, commencing July 1! REQUIRED: Prepare the entries listed associated with the bank loan on the books of Babar Corporation (Show all calculations) Prepare the entry on tine ] when the toan was received b. Prepare any adjusting entries necessary on 16 30 in order to prepare the monthly financial statements Assome no other interest accrual entries have been made! Prepare the entry to record the payment of theinterest on July di Prepare the entry to recordire payment of the loan at maturity on August 1 Note: Once you click in the table below the dotted triangle at the bottom right corner of the text edition bigger if you accidentally delete the below table, you can add an he rich text editor, or try to make your answer as clear as possible ush and spaces

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