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Prepare journal entries to record the following transactions entered into by Denver Company: 2019 June 1 Denver Co. loaned a $78,000, 5%, 11 months note

Prepare journal entries to record the following transactions entered into by Denver Company: 2019 June 1 Denver Co. loaned a $78,000, 5%, 11 months note to Barney Frank April 1 Sold goods to Minny Co. receiving a $15,000, 365-day, 6% note Dec. 31 Accrued interest on all of the notes receivable. 2020 April 1 Minny Co. honored its note. May 1 Barney Frank dishonored his note. But Denver still expects a payment in the future.

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