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1. Journalize all entries for Nature Bank related to the note for 2018 and 2019. 2. Which party has a a. note receivable? b. note

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1. Journalize all entries for Nature Bank related to the note for 2018 and 2019. 2. Which party has a a. note receivable? b. note payable? c. interest revenue? d. interest expense? 3. Suppose that Katrina Seimen defaulted on the note. What entry would Nature record for the dishonored note? On April 30, 2018, Nature Bank loaned $78,000 to Katrina Selmen on a one-year, 6% note. Nature's fiscal year ends on December 31 Read the requirements Requirement 1. Journalize all entries for Nature Bank related to the note for 2018 and 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the loan on April 30, 2018 Date Accounts and Explanation Debit Credit 2018 Apr. 30

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