Question: George and Kenneth borrowed $ 3 0 , 0 0 0 on a 7 month, 5 % note from Gem State Bank to open their

George and Kenneth borrowed $30,000 on a 7 month, 5% note from Gem State Bank to open their business, Oriole's Coffee House. The money was borrowed on June 1,2025, and the note matures January 1,2026.
prepare the entry to accure the interest on June 30
George and Kenneth borrowed $30,000 on a 7 month, 5% note

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