On December 31, 2023, Bonita Link Corporation received a four-year, 6%, $572,000 bank loan. The terms...

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On December 31, 2023, Bonita Link Corporation received a four-year, 6%, $572,000 bank loan. The terms provide for payment of the bank loan with semi-annual instalment payments of $81,485 principal and interest, starting on June 30. Bonita has a March 31 year end and records adjusting entries annually. Record the first two instalment payments, on June 30, 2024, and December 31, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, eg. 1,234.) Date Account Titles June 30 Bank Loan Payable Dec. 31 Interest Payable Interest Expense cashi Interest Expense Bank Loan Payable: Cash Debit Credit On December 31, 2023, Bonita Link Corporation received a four-year, 6%, $572,000 bank loan. The terms provide for payment of the bank loan with semi-annual instalment payments of $81,485 principal and interest, starting on June 30. Bonita has a March 31 year end and records adjusting entries annually. Record the first two instalment payments, on June 30, 2024, and December 31, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, eg. 1,234.) Date Account Titles June 30 Bank Loan Payable Dec. 31 Interest Payable Interest Expense cashi Interest Expense Bank Loan Payable: Cash Debit Credit