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On August 31, 20182018, BetsyBetsy TottenTotten borrowed $ 1 comma 000$1,000 from IowaIowa State Bank. TottenTotten signed a note payable, promising to pay the bank

On August 31, 20182018, BetsyBetsy TottenTotten borrowed $ 1 comma 000$1,000 from IowaIowa State Bank. TottenTotten signed a note payable, promising to pay the bank principal plus interest on August 31, 20192019. The interest rate on the note is 66%. The accounting year of IowaIowa State Bank ends on June 30, 20192019. Journalize IowaIowa State Bank's (a) lending money on the note receivable at August 31, 20182018, (b) accrual of interest at June 30, 20192019, and (c) collection of principal and interest at August 31, 20192019, the maturity date of the note.\ Question content area bottom\ Part 1\ Journalize IowaIowa State Bank's (a) lending money on the note receivable at August 31, 20182018, (b) accrual of interest at June 30, 20192019, and (c) collection of principal and interest at August 31, 20192019, the maturity date of the note. (Record debits first, then credits. Exclude explanations from any journal entries.)\ (a) Prepare the journal entry for the issuance of the note receivable on August 31, 20182018. \ Journal Entry\ Date\ Accounts\ Debit\ Credit\ 2018\ \ \ \ Aug\ 31

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