On June 6, Pilgrims Bank & Trust lont 590,000 to Sue Ann Noel on a 60 day, 6% note. Requirements 1. Journalize for Pilgrims the lending of the money on June 6. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar 4. Arabia Petroleum holds huge reserves of oil. Assume that at the end of 2017, Arabia Petroleum's cost of oil reserves totaled 596,000,000, representing 160,000,000 barrels of oil. Suppose Arabia Petroleum removed and sold 5,000,000 barrels of oil during 2018. Journalize depletion expense for 2018 (Assume no residual value Record debits first, then credits. Select the explanation on the last line of the journal entry table)