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Apr. 1: Loaned $17,000 cash to Branson, Inc. on a one-year, 12% note. ...

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Accounting

Apr. 1: Loaned $17,000 cash to Branson, Inc. on a one-year, 12% note.
Jun. 6: Sold goods to Dyno Interiors, receiving a 90-day, 6% note for $16,000. Ignore Cost of Goods Sold.
Jun. 30: Made a single entry to accrue interest revenue on both notes. (Use months for the one-year note interest computation and a 365-day year for the 90 day note interest computation. Round to the Collected the maturity value of the Dyno Interiors note. Make sure to determine the missing maturity date. (Prepare a single compound journal entry. Use a 365-day year for this interest computation. Round to the nearest cent.)nearest cent
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