C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2021, to advance Jeff $75,000 on a one-year, 8 percent note, with Interest to be paid at maturity on February 28, 2022 CSM prepares financial statements on June 30 and December 31. Required: Prepare the journal entries that CSM will make: (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount.) 1. When the note is established 2. To record the Interest accruals at each quarter-end and Interest payments at each payment date 3. to record the principal payment at the maturity date No Answer is not complete. Date General Journal February 28, 2021 Notes Receivable long-term) Cash Debit Credit 1 X 75,000 0 75,000 2 June 30, 2021 20,000 Interest Receivable Interest Revenue IS 20,000 3 > December 31, 202 Interest Receivable Interest Revenue 4 February 28, 2022 Cash Interest Receivable Interest Revenue 5 February 28, 2022 Cash > 75,000 Notes Receivable long-term) X 75,000