what goes in the first and second june 1

Assignment/take Assignment Mainido finvoker- &takeAssignmentsessionLocator=&inprogres. n-Monroe Co Dd3 Kawal EDM BEF Pearson Sign In Other bookmark O MailChase Miracl. Joumalize the following entries on the books of the borrower and creditor (Assume a 360-day year is used for interes computations) June 1 Regis Coupurchased merchandise on account from Winthrop Co., 360,000, terms /30. The cost of merchandise sold was $36,000 30 Regis Co, issued a 60-day, 5% note for $60,000 on account: Aug. 29 Regis Co. pald the amount due. Regis Co. (Borrower) 1 an amount box does not require an entry leave it blank June 1 Merchandise Inventory Accounts Payable 60,000 60,000 60,000 June 30 Accounts Payable Notes Payable 60.000 60.000 Aug, 29 Notes Payable Interest Expense cash 500 60,500 Winthrop Co. (Creditor). If an amount box does not require an entry, leave it blank 60.000 June 1 Accounts Receivable Sales 60 000 June June 30 Notes Receivable Accounts Receivable 00.500 Aug. 20 Cash Notes Receivable Interest Revenue 0.000 500 Assignment/take Assignment Mainido finvoker- &takeAssignmentsessionLocator=&inprogres. n-Monroe Co Dd3 Kawal EDM BEF Pearson Sign In Other bookmark O MailChase Miracl. Joumalize the following entries on the books of the borrower and creditor (Assume a 360-day year is used for interes computations) June 1 Regis Coupurchased merchandise on account from Winthrop Co., 360,000, terms /30. The cost of merchandise sold was $36,000 30 Regis Co, issued a 60-day, 5% note for $60,000 on account: Aug. 29 Regis Co. pald the amount due. Regis Co. (Borrower) 1 an amount box does not require an entry leave it blank June 1 Merchandise Inventory Accounts Payable 60,000 60,000 60,000 June 30 Accounts Payable Notes Payable 60.000 60.000 Aug, 29 Notes Payable Interest Expense cash 500 60,500 Winthrop Co. (Creditor). If an amount box does not require an entry, leave it blank 60.000 June 1 Accounts Receivable Sales 60 000 June June 30 Notes Receivable Accounts Receivable 00.500 Aug. 20 Cash Notes Receivable Interest Revenue 0.000 500