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E8-12 RECORDING NOTE RECEIVABLE TRANSACTIONS, INCLUDING ACCRUAL ADJUSTMENT FOR INTEREST LO 8-3 To attract retailers to its shopping center, the Marketplace Mall will lend money to tenants under formal contracts, provided that they use it to renovate their store space. On November 1, 2020 , the company loaned $100,000 to a new tenant on a one-year note with a stated annual interest rate of 9 percent. Interest is to be received by Marketplace Mall on April 30, 2021, and at maturity on October 31, 2021. Required: Prepare journal entries that Marketplace Mall would record related to this note on the following dates: (a) November 1 , 2020; (b) December 31, 2020 (Marketplace Mall's fiscal yearend); (c) April 30, 2021; and (d) October 31, 2021. PA8-3 RECORDING NOTES RECEIVABLE TRANSACTIONS LO 8-3 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, 2021, to advance Jeff $50,000 on a one-year, 8 percent note, with interest to be paid at maturity on February 28, 2022. CSM prepares financial statements on June 30 and December 31 . Required: 1. Prepare the journal entry CSM will make when the note is established. 2. Prepare the journal entries CSM will make to acerue interest on June 30 and December 31 . 3. Prepare the journal entry CSM will make to record the interest and principal payments on February 28, 2022