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1. Prepare journal entries to record the following hypothetical 2006 events: a. A customer deposits $50,000 in a WaMu savings account on 1/1/2006. b. WaMu

1. Prepare journal entries to record the following hypothetical 2006 events:

a. A customer deposits $50,000 in a WaMu savings account on 1/1/2006.

b. WaMu pays 1% (annual) interest on that deposit at 3/31/06.

c. WaMu lends the $50,000 to another customer for a 6% home loan on 1/1/06.

d. WaMu accrues interest on that loan as of 3/31/06.

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