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4 The following transactions took place for Smart Solutions Inc. 2017 34 oints 2018 Book a. July 1 Loaned $72,000 to an employee of the

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4 The following transactions took place for Smart Solutions Inc. 2017 34 oints 2018 Book a. July 1 Loaned $72,000 to an employee of the company and received back a one-year, 8 percent note. b. Dec. 31 Accrued interest on the note. c. July 1 Received interest on the note. (No interest has been recorded since December 31.) d. July 1 Received principal on the note. Required: Prepare the journal entries that Smart Solutions Inc. would record for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Hint Print 4 View transaction list Journal entry worksheet 134 points 1 2 3 4 eBook Record the receipt of a note on July 1, 2017 for a $72,000 loan to an employee. Hint Print References Note: Enter debits before credits Date General Journal Debit Credit Jul 01, 2017 Record entry Clear entry View general journal 4 View transaction list Journal entry worksheet 34 Dints eBook Record the receipt of the interest on the note's maturity date. No interest has been recorded since December 31, 2018. Hint Print References Note: Enter debits before credits Date General Journal Debit Credit Jul 01, 2018 Record entry Clear entry Vlow general journal 4 View transaction list Journal entry worksheet 1.34 points eBook Record the receipt of the payment for the full principal. Hint Print References Note: Enter debits before credits Date General Journal Debit Credit Jul 01, 2018 Record entry Clear entry View general Journal

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