C&Q Marketing (CQM) recently hired a new marketing director, Jeff Otos, for its main office. As part of the arrangement, CQM agreed on February 28, 2017, to advance Jeff $65,000 on a one-year, 5 percent note, with interest to be paid at maturity on February 28, 2018. 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 accrual of interest on June 30. Note: Enter debits before credits. Transaction General Journal Debit Credit Jun 30, 2017 3. Prepare the journal entry that CSM will make to record the interest and principal payments on February 28, 2018. (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