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On June 30,2018 , Nature Bank loaned $78,000 to Kara Caulkin on a one-year, 9% note. Nature's fiscal year ends on December 31. Read the

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On June 30,2018 , Nature Bank loaned $78,000 to Kara Caulkin on a one-year, 9% note. Nature's fiscal year ends on December 31. Read the requirements. Requirement 1. Journalize all entries for Nature Bank related to the note for 2018 and 2019. (Record debits first, then credits. Select the explanation Begin by recording the loan on June 30,2018 . On June 30,2018 , Nature Bank loaned $78,000 to Kara Caulkin on a one-year, 9% note. Nature's fiscal year ends on December 31. Joumalize the collection of the note from Kara Caulkin at maturity. (Prepare a single compound journal entry. Use months for interest calculations.) Requirement 2. Which party has a Requirement 3. Suppose that Kara Caulkin defaulted on the note. What entry would Nature record for the dishonored note? (Reco Prepare a single compound joumal entry. Use months for interest calculations.) Requirements 1. Journalize all entries for Nature Bank related to the note for 2018 and 2019. 2. Which party has a a. note receivable? b. note payable? c. interest revenue? d. interest expense? 3. Suppose that Kara Caulkin defaulted on the note. What entry would Nature record for the dishonored

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