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a. July 1 Loaned $66,000 to employees of the company and received back one-year, 8 percent notes. 2020 b. December 31 Accrued interest on the
a. July 1 Loaned $66,000 to employees of the company and received back one-year, 8 percent notes. 2020 b. December 31 Accrued interest on the notes. c. July 1 Received interest on the notes. (No interest has been recorded since Decenber 31.) 2021 d. July 1 Received principal on the notes. Prepare the journal entries that Smart Solutions Incorporated would record for the above transactions. (If no entry is required for a Required: transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Loaned $66,000 to employees of the company and received back one-year, 8 percent notes. Record the transaction. Note Enter ifbils before credits
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