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C&Q Marketing (COM) recently hired a new marketing director, Jeff Otos, for its moin office. As part of the arrangementCOM aspeed on February 28, 2020

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C&Q Marketing (COM) recently hired a new marketing director, Jeff Otos, for its moin office. As part of the arrangementCOM aspeed on February 28, 2020 to advance Jeff $60,000 on a one year 4 percent note, with interest to be paid at maturity on February 28 2021 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 of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Record the issuance of Notes receivable Credit ve 3. Prepare the journal entry that CSM will make to record the interest and principal payments on February 28, 2021 t no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your answers to nearest whole dollar amount.) View transaction ist X 1 Record the receipt of interest on February 28, 2018, Record the principal payments on February 28, 2018 Credit as been entered 2. Prepare the journal entries that CSM will make to accrue interest on June 30 and December 1 of no entry is required for transaction/event, select "No journal entry required in the first account field Round your answers to nearest whole dollar amount.) View transaction ist X 1 Record the accrual of interest on June 30. 2 Record the accrual of interest on December 31 C Note: - Journal entry has been entered View general Clear entry Record entry >

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