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Chapter 8 Part 1 Checkpoint Name On June 1, 2019, Nixon borrowed $14,000 cash from Carter giving Carter a $14,000, 9%, 9-month note. On March

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Chapter 8 Part 1 Checkpoint Name On June 1, 2019, Nixon borrowed $14,000 cash from Carter giving Carter a $14,000, 9%, 9-month note. On March 1, 2020, Nixon repaid Carter the maturity value of the note. REQUIRED: Give the general journal entries necessary for 2019 and 2020 for Carter Company (the lender) assuming that Carter Company prepares financial statements annually on June 30. GENERAL JOURNAL Date Account Titles DR

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