View Policies Current Attempt in Progress Elbow Construction Ltd. borrowed $210,000 from TD Bank on October 1, 2017 for a nine-month period; 6% interest is payable at maturity. Both companies have a December 31 year end and make adjusting entries annually. For Elbow Construction, record (1) the receipt of the bank loan on October 1, 2017 (2) the accrual of interest on December 31, 2017; and (3) the payment of the loan on July 1, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually)