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In 2018, United Corp loaned Parker Corp and received a note. The details of the transaction is as follow Date of transaction Amount Rate Time

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In 2018, United Corp loaned Parker Corp and received a note. The details of the transaction is as follow Date of transaction Amount Rate Time period October 1st 2018 $ 150,000 12% One year Prepare complete journal entries for 2018 and 2019 The journal entries MUST include: 1) Dates: (must include the day, month, and year) 2) Accounts 3) Amounts (must indicate Dr./Cr.)

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