Journalize the following entries on the books of the borrower and creditor. Label accordingly. (Assume a 360-day year is used for interest calculations.)

Jun. 1	Regis Co. purchased merchandise on account from Winthrop Co., $60,000, terms n/30.
Jun. 30	Regis Co. issued a 60-day, 5% note for $60,000 on account.
Aug. 29	Regis Co. paid the amount due.

Regis Co. (Borrower). If an amount box does not require an entry, leave it blank or enter 0. When required, round your answers to the nearest dollar.

Jun. 1	Sales
	Accounts Payable
Jun. 30	Accounts Payable
	Notes Payable
Aug. 29	Notes Payable
	Interest Expense
	Cash

Winthrop Co. (Creditor). If an amount box does not require an entry, leave it blank or enter 0. When required, round your answers to the nearest dollar.

Jun. 1	Accounts Receivable
	Sales
Jun. 30	Notes Receivable
	Accounts Receivable
Aug. 29	Cash
	Notes Receivable
	Interest Revenue