CH9 N4

On June 1, Tagan Company lent $88,000 to L. Kadas on a 90-days, 6% note. Journalize for Tagan Company the lending of the money on June 1. Journalize the collection of the principal and interest at maturity Specify the data. Journalize of Tagan Company the lending of the money of the June 1. (Round debits first, credits. Select the explanation on the line of the journal entry table. For stated in days, use a 360-days year.)