Highland Bank & Trust Company lent $150,000 to Sherman Summers on a three-month, 8% note. Record…

Highland Bank & Trust Company lent $150,000 to Sherman Summers on a three-month, 8% note. Record the following for the bank (explanations are not required):a. Lending the money on February 10.b. Collecting the principal and interest at maturity. Specify the date.View Solution:
Highland Bank Trust Company lent 150 000 to Sherman Summers

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