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On April 1, 201 9 , Sara deposited cash amount of $ 3 0 ,000 in a time deposit account for an interest rate of
On April 1, 2019, Sara deposited cash amount of $ 30,000 in a time deposit account for an interest rate of 6% annually in a yearly term with an agreement that interest and capital to be revolved annually. At the end of second year due date1/4/2021 Sara withdraw all her money. The bank's financial year ends on 31/12 of each year. Record the transactions on journal of the bank at the following dates:
a) deposit date,
b) at the end of the first year 31/12/2019,
c) at the end of the first term 1/4/2020
d) and at the due date 1/4/2021?
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