Question: ead. * Question Completion Status: 1 2 3 5 QUESTION 4 10 Parker & Washington, Inc. borrows $100,000 on January 1, 2018. They must pay

ead. * Question Completion Status: 1 2 3 5 QUESTION 4 10 Parker & Washington, Inc. borrows $100,000 on January 1, 2018. They must pay back the loan, with 7% interest, on December 31, 2018. Parker & Washington provide financial reports annually on December 31. You can use following account names: Cash, Loans Payable, Interest Expense. . Prepare the journal entry for January 1, 2018 cash 100000 loans payable 100000 . Prepare the journal entry for December 31, 2018

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