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On April 30, 2018, Nature Bank loaned $78,000 to Kate Perry on a one-year, 12% note. Nature's fiscal year ends on December 31 Read the

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On April 30, 2018, Nature Bank loaned $78,000 to Kate Perry on a one-year, 12% note. Nature's fiscal year ends on December 31 Read the requirements Requirement 1. Journalize all entries for Nature Bank related to the note for 2018 and 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the loan on April 30, 2018. Requirements Date Accounts and Explanation 2018 Journalize all entries for Nature Bank related to the note for 2018 and 2019. Which party has a 1. Apr. 30 2. a. note receivable? b. note payable? c. interest revenue? d. interest expense? 3. Suppose that Kate Perry defaulted on the note. What entry would Nature record for the dishonored note? Print Done Choose from any list or enter any number in the input fields ar

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