A loan in the amount of $300,000 with 12% interest was taken out on June 1st a) Calculate the interest for December 31. (Hint: From June 1 - Dec 31 -- use your fingers) Note Receivable Entries b) Prepare the journal entry for the issuance of the Note Receivable. c) Prepare the adjusting journal entry for interest revenue (HINT: found amount in a) Note Payable Entries d) Prepare the journal entry for the issuance of the Note Payable. e) Prepare the adjusting journal entry for interest expense (HINT: found amount in a)