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On September 30, 2019, Maple Bank loaned $90,000 to Kelsey Oleander on a one-year, 12 percent note. Maple's fiscal year ends on December 31. Required

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On September 30, 2019, Maple Bank loaned $90,000 to Kelsey Oleander on a one-year, 12 percent note. Maple's fiscal year ends on December 31. Required Requirement 1. Journalize all entries for Maple Bank related to the note for 2019 and 2020. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the loan on September 30, 2019. Date Accounts and Explanation Debit Credit 2019 Sep. 30Record the entry to accrue interest revenue on the Oleander note at December 31, 2019. (Use months for interest calculations.) Accounts and Explanation Journalize the collection of the note from Kelsey Oleander at maturity. (Prepare a single compound journal entry. Use months for interest calculations.) Date Accounts and Explanation Debit Credit Requirement 2. Which party has a notes receivable note payable interest revenue a b. c :1 interest expense Requirement 3. Suppose that Kelsey Oleander defaulted on the note. What entry would Maple record for the dishonoured note? (Record debits first, then credits. Seleat the explanation on the last line of the journal entry table. Prepare a single compound journal entry. Use months for interest calculations.) Date Accounts and Explanation Debit Credit 2020 Sep. 30

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