On June 6, West Highland Bank and Trust lent $90000 to Sherman Summers on a...
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Accounting
On June 6, West Highland Bank and Trust lent $90000 to Sherman Summers on a 60-day, 6%note.
1. Journalize the West Highland 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.
Can you please solve with explanations
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