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This Test: 138 pts possible This Question: 16 pts 15 of 50 (6 complete) On May 31, 2019, Nancy Thomas borrowed 57.250 from Montreal Credit

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This Test: 138 pts possible This Question: 16 pts 15 of 50 (6 complete) On May 31, 2019, Nancy Thomas borrowed 57.250 from Montreal Credit Union Thomas signed a noto payable, promising to pay the credit union principal plus interest on May 31, 2020. The interest rate on the note is 3%. The accounting year of Montreal Credit Union ends on December 31, 2019 Journalize Montreal Credit Union's (a) bending money on the noto receivable at May 31, 2018. (b) accruing interest at December 31, 2019, and (c) collecting the principal and interest at May 31, 2020, the maturity date of the note Joumaize Montreal Credit Union's lending money on the nobe receivabio at May 31, 2019. (Record debits first, then credits. Explanations are not required.) Journal Entry Credit Date 2019 Accounts Debit May 31 b. Journalize Montreal Credit Union's accruing interest at December 31, 2019. (Round your answer to the nearest whole number.) Journal Entry Date 2019 Accounts Debit Credit Dec 31 Choose from any list or enter any number in the input fields and then continue to the next question Inhy. Ahmed

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