Marathon Running Shoes reports the following: 2016 Feb. 4 Recorded credit card sales of $96,000, net of

Question:

Marathon Running Shoes reports the following:
2016
Feb. 4 Recorded credit card sales of $96,000, net of processor fee of 1 %. Ignore Cost of Goods Sold.
Sep. 1 Loaned $23,000 to Jess Prichett, an executive with the company, on a one- year, 12% note.
Dec. 31 Accrued interest revenue on the Prichett note.
2017
Sep. 1 Collected the value of the Prichett note.
Journalize all entries required for Marathon Running Shoes.
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...