Question: I need the proper date, debit cash value, and interest revenue. Everything else already filled in should be correct. On June 6, Lakeland Bank &

I need the proper date, debit cash value, and interest revenue. Everything else already filled in should be correct.

I need the proper date, debit cash value, and interest revenue. Everything

On June 6, Lakeland Bank & Trust lent $80,000 to Stephan Stow on a 30-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. Round to the nearest dollar. Requirement 1. Journalize for Lakeland 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.) Date Credit Accounts and Explanation Note ReceivableStephan Stow Cash Debit 80000 Jun. 6 80000 Lent money to Stephan Stow. Requirement 2. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. For notes stated in days, use a 365-day year.) Date Accounts and Explanation Debit Credit Jul. Cash Note ReceivableStephan Stow 80000 Interest Revenue Collected note receivable plus interest

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