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June 6 Lakeland Bank & Trust lent $ 9 0 , 0 0 0 to Sherman Summers on a 6 0 - day, 6 %

June 6Lakeland Bank & Trust lent $90,000 to Sherman Summers on a 60-day, 6% note. Requirements 1. Journalize for Lakeland the lending of the money on June 6.2. Journalize the collection of the principal and interest at maturity. Specify the date. Requirement 1. Journalize for Lakeland the lending of the money on June 6.(Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts Debit Credit Jun. 6 Requirement 2. Journalize the collection of the principal and interest at maturity. Specify the date. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. For notes stated in days, use a 360-day year.) DateAccounts Debit Credit

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