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On June 30, 2018, Oak Bank loaned 584,000 to Kim Dunkelberg on a one-year, 12% note Oak's fiscal year ends on December 31 Read the
On June 30, 2018, Oak Bank loaned 584,000 to Kim Dunkelberg on a one-year, 12% note Oak's fiscal year ends on December 31 Read the requirements Requirements Accrued interest revenue Journalize the collection of the note from Kim Dunkelberg at maturity Date Accounts and Explanation 2019 1. Journalize all entries for Oak Bank related to the note for 2018 and 2 2. Which party has a a. note receivable? b. note payable? c. interest revenue? d. interest expense? 3. Suppose that Kim Dunkelberg defaulted on the note. What entry would record for the dishonored note? Jun 30 Print Done Choose from any list or enter any number in the input fields and then click Check Answer 2 parts Clear All remaining Type here to search OP
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