Exercise 10-2 (Part Level Submission) On May 15, Wild Quest Clothiers borrowed some money on a 5-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $560. (a) Your answer is correct. Determine the amount borrowed by Wild Quest. (Round intermediate calculation to 6 decimal places, e.g. 1.251241 and final answer to 0 decimal places, e.g. 125.) Amount borrowed by Wild QuestT 16800 Click if you would like to Show Work for this question: Open Show Work (c) Prepare the entry for the initial borrowing and the repayment for the facts in part (a). (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Initial Borrowing: May 15 Repayment: Sept. 15 Click if you would like to Show Work for this question: Open Show Work