T 3 # 12

On August 31, 2021, Blair Tuck borrowed $4,000 from Savings State Bank. Tuck signed a note payable, promising to pay the bank principal plus interest on August 31, 2022. The interest rate on the note is 9%. The accounting year of Savings State Bank ends on June 30 , 2022 . Joumalize Savings State Bank's (a) lending money on the note receivable at August 31, 2021, (b) accrual of interest at June 30, 2022, and (c) collection of principal and interest at August 31,2022 , the maturity date of the note. Journalize Savings State Bank's (a) lending money on the note receivable at August 31, 2021, (b) accrual of interest at June 30, 2022, and (c) collection of principal and interest at August 31, 2022, the maturity date of the note. (Record debits first, then credits. Exclude explanations from any joumal entries.) (a) Prepare the joumal entry for the issuance of the note receivable on August 31, 2021. (b) Prepare the joumal entry to record the accrual of interest at June 30, 2022. Journalize Savings State Bank's (a) lending money on the note receivable at August 31, 2021, (b) accrual of interest at June 30 , collection of principal and interest at August 31,2022 , the maturity date of the note. (Record debits first, then credits. Exclude ex any joumal entries.) (a) Prepare the joumal entry for the issuance of the note receivable on August 31, 2021. 1022, the maturity date of th