Bank of Montreal lent $100,000 to Christine Kleuters on a 90-day, 8% note. Record the following transactions

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Bank of Montreal lent $100,000 to Christine Kleuters on a 90-day, 8% note.
Record the following transactions for Bank of Montreal (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.
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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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