Requirements

Journalize for Lakeland the lending of the money on June $6.$

Journalize the collection of the principal and interest at maturity. Specify the date.

Requirement $1.$ Journalize for Lakeland the lending of the money on June $6.($Record debits first, then credits. Select

the explanation on the last line of the journal entry table.$)$

Requirement $2.$ Journalize the collection of the principal and interest at maturity. Specify the date. $($Record

debits first, then credits. Select the explanation on the last line of the journal entry table. For notes stated in days, use

a $360-$day year.$)$