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On June 1 , Tade Company lent $86,000 to L. Kalen on a 90 -day, 6% note. 8. Journalize for Tade Company the lending of

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On June 1 , Tade Company lent $86,000 to L. Kalen on a 90 -day, 6% note. 8. Journalize for Tade Company the lending of the money on June 1. 9. Journalize the collection of the principal and interest at maturity. Specify the date. 8. Journalize for Tade Company the lending of the money on June 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 360-day year.)

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