On June 6, Lakeland Bank & Trust lent $ 110,000 to Samantha Michael on a 90-day, 9%
Question:
On June 6, Lakeland Bank & Trust lent $ 110,000 to Samantha Michael on a 90-day, 9% note.
Requirements
1. Journalize for Lakeland the lending of the money on June 6.
2. Journalize the collection of the principal and interest at maturity. Specify the date.
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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