On June 1 , Tagan Company lent $83,000 to L. Kahil on a 90 -day, 4%

On June 1, Tagan Company lent $83,000 to L. Kahil on a 90-day, 4% note. 12. Journalize for Tagan 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 365-day year.) Date Jun. 1 Accounts and Explanation Debit Credit 13. Journalize the collection of the principal and interest at maturity. Specify the date. Round interest to the nearest dollar. Date Accounts and Explanation Debit I Credit