Question: Just really need some help on this please I will rate! Many thanks and God bless! S8-10 (similar to) Question Help On June 6, West

Just really need some help on this please I will rate! ManyJust really need some help on this please

I will rate!

Many thanks and God bless!

S8-10 (similar to) Question Help On June 6, West Highland Bank & Trust lent $80,000 to Sheila Rock on a 30-day, 9% note. Requirements 1. Journalize for West Highland 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 West Highland 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 Accounts and Explanation Debit Credit Jun. 6 Note ReceivableSheila Rock 80,000 Cash 80,000 Lent money to Sheila Rock. 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 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!