DE 8-15 Deutsche Bank lent $400,000 to Jean Nowlin on a 90-day, 8% note. Record the following
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DE 8-15 Deutsche Bank lent $400,000 to Jean Nowlin on a 90-day, 8% note. Record the following transactions for Deutsche Bank (explanations are not required):
a. Lending the money on June12.
b. Collecting the principal and interest at maturity. Specify the date. For the computation of interest, use a 360-day year.
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Related Book For 
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ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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