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XYZ Bank agrees to lend S.R 100,000 on April 1, 2020, to Banda Co. if Banda signs a S.R 100,000, 4% percent, six-month note. Write

XYZ Bank agrees to lend S.R 100,000 on April 1, 2020, to Banda Co. if Banda signs a S.R 100,000, 4% percent, six-month note. Write journal entries: 1. On April 1: D 2. If banda prepares financial statements semiannually: I 3. On October 1

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