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Joumalize the following transactions of Arabian ine, which ends is accounting your on June 30 Apr 1 loaned $14.000 cash to Bill McCabe on a

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Joumalize the following transactions of Arabian ine, which ends is accounting your on June 30 Apr 1 loaned $14.000 cash to Bill McCabe on a one-year 6% note Jun 6 Sald goods to Fairway Matters receiving a 90-day, 10% note for $18.000 Ignore cost of goods sold. 30 Made a single only to accrue interest revenue on both cool. Use a 360 day year for interest computations and round to the nearest dotar Record ditits flint, then credits Exclude explanations from any oumal entries) Joumate the loan to Bill McCabe. Journal Entry Accounts Date Debit Credit Down to Forway Mistrore cost of goods sold Date Accounts Credit Journalize the single entry to accrue interest revenue on both notes. Use a 360-day year for interest computations and round to the nearest dollar. Journal Entry Date Accounts Debit Credit Jun 30

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