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(5 points) On June 1, 2018, Y borrowed $800,000 at 6%. Y pays interest every 6 months with interest payments every December 1 and June
(5 points) On June 1, 2018, Y borrowed $800,000 at 6%. Y pays interest every 6 months with interest payments every December 1 and June 1. Y will repay $400,000 of the principal AJES every December 31 AND does NOT make reversing entries. Prepare the entries Y should make on: 5. on June 1, 2019 and the remainder on December 1, 2019. Assume Y only makes June 1, 2018 b a. December 1, 2018 December 31, 2018 June 1, 2019 December 1, 2019 C. d. e
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