On September 30, 2018, Synergy Bank Loaned $84,000 to Kelsey Kelsing on a one-year, 6% note. Synergy's fiscal year ends on December 31.

Read the requirements:

1.) Journalize all entries for Synergy Bank related to the note for 2018 and 2019.

2.) Which party has a

a. note receivable?

b. note payable?

c. interest revenue?

d. interest expense?

3.) Suppose that Kelsey Kelsing defaulted on the note. What entry would Synergy record for the dishonered note?

E8-23 (similar to) Question Help On September 30, 2018. Synergy Bank loaned S84 ,000 to Kelsey Kelsing on a one-year, 6% note Synergy's fiscal year ends on December 31 Read the requirements. Requirement 1. Journalize all entries for Synergy Bank related to the note for 2018 and 2019. (Record debits first, then credits. Select the explanation on the ast line of the journal entry table.) Begin by recording the loan on September 30, 2018 Debit Credit Date 2018 Sep. 30 Accounts and Explanation Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All Check