On May 31, 2019, Nancy Temple borrowed $5,000 from Alvida Credit Union. Temple signed a note...

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On May 31, 2019, Nancy Temple borrowed $5,000 from Alvida Credit Union. Temple signed a note payable, promising to pay the credit union principal plus interest on May 31, 2020. The interest rate on the note is 7%. The accounting year of Alvida Credit Union ends on December 31, 2019. Journalize Alvida Credit Union's (a) lending money on the note receivable at May 31, 2019, (b) accruing interest at December 31, 2019, and (c) collecting the principal and interest at May 31, 2020, the maturity date of the note. On May 31, 2019, Nancy Temple borrowed $5,000 from Alvida Credit Union. Temple signed a note payable, promising to pay the credit union principal plus interest on May 31, 2020. The interest rate on the note is 7%. The accounting year of Alvida Credit Union ends on December 31, 2019. Journalize Alvida Credit Union's (a) lending money on the note receivable at May 31, 2019, (b) accruing interest at December 31, 2019, and (c) collecting the principal and interest at May 31, 2020, the maturity date of the note.