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K Part 1 of 5 points O Points: 0 of 1 Save On April 30, 2016, Synergy Bank loaned $76.000 to Katrina Sperry on
K Part 1 of 5 points O Points: 0 of 1 Save On April 30, 2016, Synergy Bank loaned $76.000 to Katrina Sperry on a one-year, 9% note Synergy's fiscal year ends on December 31. Read the requirements Requirements 1. Journalize all entries for Synergy Bank related to the note for 2016 and 2017 2. Which party has a a. note receivable? b. note payable? c. Interest revenue? d. interest expense? 3. Suppose that Katrina Sperry defaulted on the note. What entry would Synergy record for the dishonored note? Print Done EA ESPORTS rd debits first, - X AN R
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