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On April 1, Tada Company lent $85,000 to L. Kane on a 90-day, 6% note. 1. Journalize for Tada Company the lending of the money

On April 1, Tada Company lent $85,000 to L. Kane on a 90-day, 6% note. 1. Journalize for Tada Company the lending of the money on April 1. 2. Journalize the collection of the principal and interest at maturity. Specify the date. Round interest to the nearest dollar.

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