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, 2018, to advance Jeff $45,000 on a one-year, 8 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31.

Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019. (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.)

No	Date	General Journal	Debit	Credit
1	Feb 28, 2018	Notes Receivable (short-term)	45,000
		Cash		45,000
2	Jun 30, 2018	Interest Receivable	1,080
		Interest Revenue		1,080
3	Dec 31, 2018	Interest Receivable	1,800
		Interest Revenue		1,800
4	Feb 28, 2019	Cash	45,000
		Notes Receivable (short-term)		45,000
		Interest Revenue	1,080
		Interest Receivable		1,080