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West Highland Bank lent 567,000 to Stephan Stow on a 60-day, 6 percent note. Record the following transactions for West Highland Bank (explanations are not

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West Highland Bank lent 567,000 to Stephan Stow on a 60-day, 6 percent note. Record the following transactions for West Highland Bank (explanations are not required) 1. Lending the money on June 12 2. Collecting the principal and interest at maturity (specify the date; for the computation of interest, use a 360-day year and round to the nearest dollar) Journalize the transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Record the lending of money on June 12 Journal Entry Date Accounts Debit Credit June 12 West Highland Bank lent $67,000 to Stephan Stow on a 60-day, 6 percent note. Record the following transactions for West Highland Bank (explanations are not required) 1. Lending the money on June 12 2. Collecting the principal and interest at maturity (specify the date for the computation of interest, use a 360 day year and round to the nearest dollar) 2. Record the collection of principal and interest at maturity (specify the date; for the computation of interest, use a 360 day year and round to the nearest dollar Journal Entry Accounts Date Debit Credit

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