GCorp, that has a fiscal year end June 30, borrows $45,000 at 10% amortized over 2 years on June 30, 20X1 with payments of $2,076.52 due on the first of each month beginning July 1, 20X1. GCorp will debit Select an answer checking account interest payable interest expense in the amount of Select an answer $375 $1701.52 $2076.52 and credit Select an answer interest expense interest payable in the amount of Select an answer $375 $1701.52 $2076.52 on June 30, 20X1.

Box 1: Select the best answer

Box 2: Select the best answer

Box 3: Select the best answer

Box 4: Select the best answer