Kelly jones and tami crawford borrowed $11,143 on a 7-month, 7% note from gem state bank to open their business, jc’s coffee house. the money was borrowed on june 1, 2017, and the note matures january 1, 2018. collapse question part (a) prepare the entry to record the receipt of the funds from the loan. (b) prepare the entry to accure the interest on june 30. (c) prepare the entry required on jan 1, 2018, when the loan is paid back.