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, 2020, to advance Jeff $130,000 on a one year, 6 percent note, with interest to be paid at maturity on February 28, 2021. CQM 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 Feb 28, 2020 General Journal Debit Credit 2. Prepare the journal entries that CSM will make to accrue interest on June 30 and December 31. (If 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 list Journal entry worksheet < 1 2 Record the accrual of interest on June 30. Note: Enter debits before credits. Transaction Jun 30, 2020 General Journal Debit Credit 2. Prepare the journal entries that CSM will make to accrue interest on June 30 and December 31. (If 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 list Journal entry worksheet < 1 2 Record the accrual of interest on December 31. Note: Enter debits before credits. Transaction Dec 31, 2020 General Journal Debit Credit 3. Prepare the journal entry that CSM will make to record the interest and principal payments on February 28, 2021. (If 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 list Journal entry worksheet < Record the receipt of interest on February 28, 2018. Note: Enter debits before credits. Date: Feb 28, 2018 General Journal Debit Credit 3. Prepare the journal entry that CSM will make to record the interest and principal payments on February 28, 2021. (If 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 list Journal entry worksheet < 2 Record the principal payments on February 28, 2018. Note: Enter debits before credits. Date Feb 28, 2018 General Journal Debit Credit