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SF8-10 (similar to) On June 6, Northend Bank & Trust lent $100,000 to Sylvia Peters on a 90-day, 7% note. Requirements 1. Journalize for Northend
SF8-10 (similar to) On June 6, Northend Bank & Trust lent $100,000 to Sylvia Peters on a 90-day, 7% note. Requirements 1. Journalize for Northend the lending of the money on June 6 2. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. Requirement 1. Journalize for Northend 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.) Date Accounts and Explanation Debit Credit Jun. 6
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