Question: can any one please help me with part 1 and 2 Pilgrims Bank lent $75,000 to Shari Silverthorn on a 30-day, 10% note. Record the

can any one please help me with part 1 and 2

Pilgrims Bank lent $75,000 to Shari Silverthorn on a 30-day, 10% note. Record the following transactions for Pilgrims Bank (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 and round to the nearest dollar. Journalize the transactions Record debits first, then credits. Exclude explanations from any journal entries. 1. Record the lending of money on June 12. Journal Entry Debit Date Accounts Credit June 12 Cash

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