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On January 1 of this year, Saratoga Bank agrees to lend Tilbury Corp. $150,000. Tilbury Corp. signs a $150,000, 4%, 9-month loan. Interest is due at maturity.
-What entry will Tilbury Corp make to repay the loan on September 30, assuming no further adjusting entries have been made since June 30?

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Use the following information for questions 
On January 1 of this year, Saratoga Bank agrees to lend Tilbury Corp. $150,000. Tilbury Corp. signs a $150,000, 4%, 9-month loan. Interest is due at maturity.
-What entry will Tilbury Corp make to repay the loan on September 30, assuming no further adjusting entries have been made since June 30?

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The Answer of Use the following information for questions 
On January 1 of this year, Saratoga Bank agrees to lend Tilbury Corp. $150,000. Tilbury Corp. signs a $150,000, 4%, 9-month loan. Interest is due at maturity.
-What entry will Tilbury Corp make to repay the loan on September 30, assuming no further adjusting entries have been made since June 30?

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