Now record the transaction for 2025.

Jan.30: Collected tge Wanda note at maturity

to the 0 the 2014 www www Det Wand Date DO More Info Dale 21 Crede A 1000 Out be HE AG C wo BE BET Pt Done SITO WURTrust donar. Eighth Investment's accounting period ends on December 31. (Record debits first rest on notes stated in days. For notes stated in months, use the number of months when calculating interest.) - X More Info 2024 Apr. 1 Jun. 1 Loaned $13,000 to Humdrum, Co. Received a two-month, 6% note, Collected the Humdrum note at maturity. Loaned $14,000 to Wanda, Inc on a 60-day, 8% note. Accrued interest revenue on the Wanda note Dec. 1 Dec. 31 2025 Jan. 30 Collected the Wanda note at maturity Suppose Eighth Investment Bank engaged in the following transactions: (Click the icon to view the transactions.) Journalize the 2024 and 2025 transactions on Eighth Investment's books. Explanations are not needed credits. Exclude explanations from joumal entries. Ignore leap years. Use a 365-day year to compute ir a Dec. 1: Loaned $14,000 to Wanda, Inc. on a 60-day, 8% note. Date Accounts and Explanation Debit Credit 2024 Dec. 1 Note Receivable-Wanda, Inc. 14,000 Cash 14,000 Dec. 31: Accrued interest revenue on the Wanda note Date Accounts and Explanation Debit Credit 2024 Dec. 31 Interest Receivable Interest Revenue 92 92 Now record the transaction for 2025. Jan. 30: Collected the Wanda note at maturity. Date Accounts and Explanation Debit Credit 2025 Jan. 30 Cash Interest Receivable Interest Revenue