Business, 16.07.2020 04:01, simihehe

On August 31, 2018, Brooke Tallen borrowed $ 6 comma 000 from Boulware State Bank. Tallen signed a note payable, promising to pay the bank principal plus interest on August 31, 2019. The interest rate on the note is 12%. The accounting year of Boulware State Bank ends on June 30, 2019. Journalize Boulware State Bank's (a) lending money on the note receivable at August 31, 2018, (b) accrual of interest at June 30, 2019, and (c) collection of principal and interest at August 31, 2019, the maturity date of the note.

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On August 31, 2018, Brooke Tallen borrowed $ 6 comma 000 from Boulware State Bank. Tallen signed a n...