On July 1, Tacht Company lent $82,000 to L. Kanus on a 90-day, 6% note....
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On July 1, Tacht Company lent $82,000 to L. Kanus on a 90-day, 6% note. 12. Journalize for Tacht Company the lending of the money on July 1. 13. Journalize the collection of the principal and interest at maturity. Specify the date. Round interest to the nearest dollar. 12. Journalize for Tacht Company the lending of the money on July 1. (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.) Date Accounts and Explanation Debit Credit Jul. 1 13. Journalize the collection of the principal and interest at maturity. Specify the date. Round interest to the nearest dollar. Date Accounts and Explanation Debit Credit
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