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B Brock Sakal: Hom... RhymeZone: All th. Definite Guide To... Saved Help Save & Exit C&Q Marketing (CQM) recently hired a new marketing director, Jeff

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B Brock Sakal: Hom... RhymeZone: All th. Definite Guide To... Saved Help Save & Exit C&Q Marketing (CQM) recently hired a new marketing director, Jeff Otos, for its main office. As part of the arrangement, COM agreed on February 28, 2017, to advance Jeff $60,000 on a one-year, 4 percent note, with interest to be paid at maturity on February 28, 2018. COM prepares financial statements on June 30 and December 31. Required: 1. Prepare the journal entry that CSM will make when the note is established. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > Record the issuance of Notes receivable. Note: Enter debits before credits Transaction General Journal Debit Credit Feb 28, 2017 Record entry Clear entry View general Journal Next Not

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