On September 30, 2018, Team Bank loaned $94,000 to Kendall Warner on a one-year, 6% note. Team's

Question:

On September 30, 2018, Team Bank loaned $94,000 to Kendall Warner on a one-year, 6% note. Team's fiscal year ends on December 31.
Requirements
1. Journalize all entries for Team Bank related to the note for 2018 and 2019.
2. Which party has a
a. Note receivable?
b. Note payable?
c. Interest revenue?
d. Interest expense?
3. Suppose that Kendall Warner defaulted on the note. What entry would Team record for the dishonored note?