Ch $6$ HW $1$

Question $4,$ SF$9-10($similar to$)$

HW Score: $30\mathrm{.}95\%,2\mathrm{.}79$ of $9$ points

Part $1$ of $2$

Points: $0\mathrm{.}79$ of $1$

On June $6,$ Northend Bank & Trust lent $$100,000$ to Shawna Brown on a $90-$day, $7\%$ note.

Requirements

Journalize for Northend the lending of the money on June $6.$

Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar.

Requirement $1.$ Journalize for Northend the lending of the money on June $6.($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jun$.6,,,],[,,,],[,$T$,$I,$],[,,,$