Prepare the entry required on January 1, 2026, when the loan is paid back.

John and Robert borrowed $13,200 on a 7-month, 5% note from Gem State Bank to open their business, Crane's Coffee House. The money was borrowed on June 1, 2025, and the note matures January 1, 2026. (a) Your answer is correct. Prepare the entry to record the receipt of the funds from the loan. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amount in the relevant debit OR credit box. Entering zero in ALL boxes will result in the question being marked incorrect.) Date Account Titles and Explanation Debit Credit ne 1, 2025 Cash 13,200 Notes Payable 13,200