On June 6, Lakeland Bank & Trust lent $ 110,000 to Samantha Michael on a 90-day, 9%

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On June 6, Lakeland Bank & Trust lent $ 110,000 to Samantha Michael on a 90-day, 9% note.

Requirements

1. Journalize for Lakeland the lending of the money on June 6.

2. Journalize the collection of the principal and interest at maturity. Specify the date.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 08:52 AM

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On June 6, Lakeland Bank & Trust lent $ 110,000 to Samantha Michael on a 90-day, 9%

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Requirement 1 Date Accounts and Explanation Debit Credit June 6 Note...View the full answer

Horngrens Financial and Managerial Accounting

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