Question: some help is needed. answer will be greatly reviewed. $20,000.00 is tge loan 5. Ch. 7: Notes Receivable: On December 1 , Year 1 Kole

some help is needed. answer will be greatly reviewed.

$20,000.00 is tge loan

5. Ch. 7: Notes Receivable: On December 1 , Year 1 Kole Corporation loaned Craig Company for one year at 6%. a. Journalize the transaction on December 1 , Year 1. b. Journalize the adjusting entry needed on December 31 , Year 1 to accrue interest revenue. c. Journalize the collection of the principal and interest at maturity. Specify the date

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