Highland Bank & Trust Company lent $150,000 to Sherman Summers on a three-month, 8% note. Record the

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Highland Bank & Trust Company lent $150,000 to Sherman Summers on a three-month, 8% note. Record the following for the bank (explanations are not required):
a. Lending the money on February 10.
b. Collecting the principal and interest at maturity. Specify the date.

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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