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Journalize the 2018 2 0 1 8 and 2019 2 0 1 9 transactions on Second Saving S e c o n d S a

Journalize the

20182018

and

20192019

transactions on

Second SavingSecond Saving?'s

books. Explanations are not needed. Use a? 365-day year to compute interest. Round interest calculations to the nearest dollar.

Second SavingSecond Saving?'s

accounting period ends on December 31. ?(Record debits? first, then credits. Exclude explanations from journal entries. Use a? 365-day year to compute interest on notes stated in days. For notes stated in? months, use the number of months when calculating? interest.)

20182018
Apr.
1
Loaned
$ 9 comma 000$9,000
to
OhkayOhkay?,
Co. Received a
twotwo?-month,
1212?%
note.
Jun.Jun.
1
Collected the
OhkayOhkay
note at maturity.
Dec.
1
Loaned
$ 7 comma 000$7,000
to
VeraVera?,
Inc. on a
120120?-day,
55?%
note.
31
Accrued interest revenue on the
VeraVera
note.
20192019
Mar.Mar.
3131
Collected the
VeraVera
note at maturity.

Begin with the transactions for
20182018.
Apr.? 1: Loaned
$ 9 comma 000$9,000
to
OhkayOhkay?,
Co. Received a
twotwo?-month,
1212?%
note.
Date
Accounts and Explanation
Debit
Credit
2018
Apr. 1

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