Question: On August 3 1 , 2 0 2 4 , Brandy Tisdale borrowed $ 5 , 0 0 0 from Commonwealth State Bank. Tisdale signed
On August Brandy Tisdale borrowed $ from Commonwealth State Bank. Tisdale signed a note payable, promising to pay the bank principal plus interest on August The interest rate on the note is The accounting year of Commonwealth State Bank ends on June Journalize Commonwealth State Bank's a lending money on the note receivable at August b accrual of interest at June and c collection of principal and interest at August the maturity date of the note.
c Prepare the journal entry to record the collection of the note principal and interest at August the maturity date of the note.
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