Question 19 Current Attempt in Progress Key s and Crawford borrowed 29.143 on th e from Gem State Bank to open their business. JC Coffee House. The money was borrowed on June 1, 2017, and the note matures Part 1 Prepare the entry to record the recitofthe funds from the land accounts are automatically indested when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit e 1 List of Accounts Attempts: 0 of 5 used Submit Part 2 Part 2 Prepare the entry to accrue the interest on June 30. (Credit account titles automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 30 List of Accounts Save for Later Part 3 Assuming adjusting entries are made at the end of each month determine the the interest payable account at December 31, 2017 Balance in interest payable accounts List of Accounts Save for Later Part 4 Prepare the entry required on January 1, 2018, when the loan is paid back. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Credit Jan 1. 2018 List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Accrued Pension Liability Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Current Portion of Long-Term Debt Depreciation Expense Discount on Bonds Payable Dividends Equipment Federal Income Taxes Payable Federal Unemployment Taxes Payable FICA Taxes Payable Gain on Bond Redemption Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Land Loss on Bond Redemption Mortgage Payable No Entry Notes Payable Other Operating Expenses Payroll Tax Expense Premium on Bonds Payable Prepaid Insurance Property Taxes Payable Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Sales Taxes Payable Service Revenue Share Premium-Conversion Equity State Income Taxes Payable State Unemployment Taxes Payable Subscription Revenue Ticket Revenue Unearned Rent Revenue Unearned Sales Revenue Unearned Service Revenue Unearned Subscription Revenue Type here to search