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1. Jounalize for Lakeland the lending of the money on June 6. 2. Journalize the collection of the principal and interest at maturity. Specify the

1. Jounalize for Lakeland the lending of the money on June 6.
2. Journalize the collection of the principal and interest at maturity. Specify the date Round to the nearest dollar
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On June 6, Lakeland Bank & Trust lent $80,000 to Steve Stone on a 30-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. Round to the nearest dollar Requirement 1. Journalize for Lakeland the lending of the money on June 6. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jun 6

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