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%E8-23 (similar to) On April 30, 2018, Oak Bank loaned $86,000 to Kara Sperry on a one-year, 6% note. Oak's fiscal year ends on December

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%E8-23 (similar to) On April 30, 2018, Oak Bank loaned $86,000 to Kara Sperry on a one-year, 6% note. Oak's fiscal year ends on December 31. i Requirements - 1. Journalize all entries for Oak Bank related to the note for 2018 and 2019. 2. Which party has a a. note receivable? b. note payable? c. interest revenue? d. Interest expense? 3. Suppose that Kara Sperry defaulted on the note. What entry would Oak record for the dishonored note? anal en Print Done

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