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On June 6 , Pilgrims Bank & Trust lent $80,000 to Samantha Michael on a...

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Accounting

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On June 6 , Pilgrims Bank & Trust lent $80,000 to Samantha Michael on a 30 -day, 9% note. Requirements 1. Journalize for Pilgrims 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. Requirement 1. Journalize for Pilgrims the lending of the money on June 6. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

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