Question: Each assignment is worth 10 marks. Assignment 1 HSBC lent $200,000 to Johann Schroeder on a 90-day, 4 percent note. Record the following transactions for

Each assignment is worth 10 marks. Assignment 1 HSBC lent $200,000 to Johann Schroeder on a 90-day, 4 percent note. Record the following transactions for HSBC, rounding to the nearest dollar (explanations are not required): Lending the money on May 6. Collecting the principal and interest at maturity Specify the date. For the computation of Interest, use a 365-day year. Accounting for a note receivable B

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