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On June 6, Gold Bank & Trust lent $80,000 to Sheila Rock on a 30-day,...

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Accounting

On June 6, Gold Bank & Trust lent $80,000 to Sheila Rock on a 30-day, 9% note.Requirements1.2.Journalize for Gold the lending of the money on June 6.Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar.This test: 100 points) possibleThis question: 3 points) possibleSubmit testRequirement 1. Joumalize for Gold the lending of the money on June 6.(Record debits first, then credits. Select the explanation on the last line of the journal entry table.)Requirement 2. Joumalize 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.)DateAccounts and ExplanationDebitCreditJun. 6DateAccounts and ExplanationDebitCredit
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