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part c: Balance sheet, using chart above

View Policies Current Attempt in Progress Michelle Anthony and Laura borrowed $18,000 on a 7 month, 10% note from Gem State Bank to open their business, Sandhill's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023. (a)-(b), (d) la) (b) (d) Prepare a tabular summary to record the receipt of the funds from the loan. Prepare a tabular summary to accrue the interest on June 30. Prepare a tabular summary to record the repayment of the loan on January 1, 2023. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Cash Notes Pay. Interest Pay. $ $ la June 1.2022 (b) June 30, 2022 (d) Jan 1, 2023 (a) (b) (d) Prepare a tabular summary to record the receipt of the funds from the loan. Prepare a tabular summary to accrue the interest on June 30. Prepare a tabular summary to record the repayment of the loan on January 1, 2023. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Pd-in Cap. Common Stock Stockholders' Equity Retained Earnings Expense Revenue Dividend $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer ceipt of the funds from the loan. terest on June 30. payment of the loan on January 1, 2023. enues and expenses. (If a transaction causes a decrease in Assets, Liabilities or eses) in front of the amount entered for the particular Asset, Liability or Equity item Equity Retained Earnings Dividend ase $ > Miscellaneous expensen Sales revenue Bank charges expense Interest expense Attempts: 0 of 3 used Submit

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