c&s marketing (CSM) recently hired a new marketing director, Jeff otos for its downtown Minneapolis office. as part of the arrangement,CSM agree on February 28, 2018 to advance jeff 25000 on a one-year, 7 percent note with interest to be paid at maturity on February 28, 2019. CSM prepare financial statements on june 30 and December 31

Prepare the journal entry CSM will make when the note is established, accrued interest on june 30 and December 31 and the interest and principal payments on February 28,2019