Part A-Assuming a 4 month, $200,000 , 7% loan, that began on 10/1/19,

Calculate interest for 2019, 2020, and total interest. Show calculations, not just answers

Make journal entries for 10/1/19, 12/31/19 and 2/1/20

Part B-Assuming a 3 year , $200,000 , 7% loan, that began on 10/1/19,

Calculate interest for 2019, 2020, 2021 and total interest. Show calculations, not just your answers.

Make journal entries for 10/1/19, 12/31/19, 12/31/20, 12/31/21 and 9/1/22