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On June 6, National Credit lent $79,700 to Shaquan Michaud on a 60 day 4% note.

Journalize for National Credit the lending of the money on June 6.

Journal
DateDescriptionDebitCredit
June 6
June 6

Journalize the collection of the principal and interest at maturity.

Journal
DateDescriptionDebitCredit
August 5
August 5
August 5


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