Question
On June 6, West Highland Bank & Trust lent $90,000 to Shawna Brown on a 60-day, 6% note. Requirements 1. Journalize for West Highland the
On June 6, West Highland Bank & Trust lent $90,000 to Shawna Brown on a 60-day, 6% note. Requirements 1. Journalize for West Highland 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 West Highland the lending of the money on June 6. (Record debits first, then credits. Select the explanation on the last line of t journal entry table.) Date Jun. 6 Accounts and Explanation Debit Credit Requirement 2. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. (Record debits first, then credit 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 Choose from any list or enter any number in the input fields and then continue to the next
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