On June $6,$ Northend Bank & Trust lent $$80,000$ to Simon Peterman on a $30-$day, $9\%$ note.

Requirements

Journalize for Northend the lending of the money on June $6.$

Journalize the collection of the principal and interest at maturity. Specify the date.

Requirement $1.$ Journalize for Northend 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.$)$