On June 6, Pilgrims Bank & Trust lent $90,000 to Steve Stone on a 60-day. 6%...

  

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On June 6, Pilgrims Bank & Trust lent $90,000 to Steve Stone on a 60-day. 6% note. Requirements 1. Journalize for Pilgrims 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 Pilgrims the lending of the money on June 6. (Record debits first, then credits. Select the expianationi on the last line of the journal entry table.) Accounts and Explanation Date Debit Credit Jun. 6 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 On June 6, Pilgrims Bank & Trust lent $90,000 to Steve Stone on a 60-day. 6% note. Requirements 1. Journalize for Pilgrims 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 Pilgrims the lending of the money on June 6. (Record debits first, then credits. Select the expianationi on the last line of the journal entry table.) Accounts and Explanation Date Debit Credit Jun. 6 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

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