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On August 31, 2021, Brooke Tanner borrowed $4,000 from Ferris State Bank. Tanner signed a note payable, promising to pay the bank principal plus interest

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On August 31, 2021, Brooke Tanner borrowed $4,000 from Ferris State Bank. Tanner signed a note payable, promising to pay the bank principal plus interest on August 31, 2022. The interest rate on the note is 6%. The accounting year of Ferris State Bank ends on June 30, 2022. Journalize Ferris State Bank's (a) londing money on the note receivable at August 31, 2021. (b) accrual of interest at June 30, 2022, and (c) collection of principal and interest at August 31, 2022, the maturity date of the note Joumalize Ferris State Bank's (a) lending money on the note receivable at August 31, 2021. (b) accrual of interest at June 30, 2022, and (c) collection of principal and Interest at August 31, 2022, the maturity date of the note. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Propare the journal entry for the issuance of the note recolvable on August 31, 2021. Journal Entry Date Accounts Debit Credit 2021 Aug 31

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