1 PA8-3 Recording Notes Receivable Transactions [LO 8-3] 10 points C&S Marketing (CSM) recently hired a new marketing director. Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018. to advance Jeff $35.000 on a one-year, 7 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31 Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations. Round your final answers to whole dollar amount.) Answer is not complete. No Credit Date Feb 20, 2018 General Journal Notes Receivable (short term Debit 35,000 1 35,000 2 Jun 30, 2018 840 Interest Receivable Interest Revenue Oo 840 Dec 31, 2018 1.200 Interest Roonivable Interest Revenue OO 1.200 4 Feb 28, 2010 2520 Cash Interest Revenue 2520 Oo oo 5 Feb 28, 2019 30.000 Cash Notes Receivable short-term) 36,000