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On June 6, Lakeland Bank & Trust lent $80,000 to Shawna Brown on a 30-day, 9% note. Requirements 1. Journalize for Lakeland Bank & Trust

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On June 6, Lakeland Bank & Trust lent $80,000 to Shawna Brown on a 30-day, 9% note. Requirements 1. Journalize for Lakeland Bank & Trust the lending of the money on June 6. 2. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. Requirement 1. Journalize for Lakeland Bank & Trust the lending of the money on June 6. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Jun. 6Requirement 2. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. (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 || Accounts and Explanation Debit || Credit

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