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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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