Week $5$: On June $1,$ Talan Company lent $$85,000$ to L$.$ Kalen on a $90-$day, $4\%$ note.

Journalize for Talan Company the lending of the money on June $1.$

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

nearest dollar.

Journalize for Talan Company the lending of the money on June $1.($Record debits first, then credits.

Select the explanation on the last line of the journal entry table. For notes stated in days, use a $365-$day

year.$)$