I need an answer for problem B.

Question 6 of 7 1/2 III View Policies Show Attempt History Current Attempt in Progress Coronado Construction Ltd. borrowed $350,000 from Atco Finance Ltd. on October 1, 2020, by issuing a nine-month note payable at 5% interest payable at maturity. Both companies have a December 31 year end and make adjusting entries annually. (a) Your answer is correct. For Coronado Construction, record (1) the receipt of the $350.000 cash and the issuing of the note payable on October 1, 2020; (2) the accrual of interest on December 31, 2020; and (3) the payment of the note and interest on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Cash 350000 Notes Payable 350000 0 Interest Expense 4375 Interest Payable 4375 Interest Expense 8750 Interest Payable 8750 Attempts: 1 of 2 used (b) For Atco Finance, record (1) the payment of the $350,000 cash and the receipt of the note receivable on October 1, 2020; (2) the accrual of interest on December 31, 2020; and (3) the collection of the note and interest on July 1, 2021. (Hint: Atco Finance uses a Notes Receivable account to record its loans.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Cre Oct. 1.2020 Notes Dec 31, 2020 July 1.2021 (To record interest) July 1, 2021 (To record collection of loan)