Try another version of this question On June 6, National Credit lent $99,100 to Shaquan Michaud on a 60 day 2% note. Journalize for National Credit the lending of the money on June 6. Journalize the collection of the principal and interest at maturity.
Date Description Debit Credit June 6 June 6 Date Description Debit Credit August 5 August 5 August 5 Date Description Debit Credit June 6 Notes Receivable 99,100 June 6 Cash 99,100 Date Description Debit Credit August 5 Cash 99,430.33 August 5 Notes Receivable 99,100.00 August 5 Interest Revenue 330.33