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On April 1, Tacht Company lent $86,200 to L. Kalen on a 90 -day, 6% note. 12. Journalize for Tacht Company the lending of the
On April 1, Tacht Company lent $86,200 to L. Kalen on a 90 -day, 6% note. 12. Journalize for Tacht Company the lending of the money on April 1. 13. Journalize the collection of the principal and interest at maturity. Specify the date. Round interest to the nearest dollar. 12. Journalize for Tacht Company the lending of the money on April 1. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table. For notes stated in days, use a 365-day year.) 13. Journalize the collection of the principal and interest at maturity. Specify the date. Round interest to the nearest dollar
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