CSS 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 $60,000 on a one.year, 7 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 transection/event, select "No Joumal Entry Required" in the first occount field. Do not round intermediote colculotions. Round your finol answers to whole dolior amount) 1. When the note is established 2. Prepare the joumal entries to accrue interest on June 30 and December 31 . 3. to record the principal payment at the maturity date Journal entry worksheet 6 Record the receipt of a note on February 28, 2021 for a $60.000 loan to an employec. Nk tneer debits bekione creda CES 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 Jefr $60,000 on a one-year. 7 percent note, with interest to be pald 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 tronsection/event, select "No Journal Entry Required" in the first occount field. Do not round intermediote calculations. Round your final onswers to whole dollor amount.) 1. When the note is established 2. Prepare the journal entries to accrue interest on June 30 and December 31 . 3. to record the principal payment at the maturity date Journal entry worksheet Fecord the interest accrued on the note as of June 30,2021 . Wote: Enter debts before ardits. CSS Marketing (CSM) recently hired a new makketing director. Jeff Otos, for its downtown Minneapolis office As part of the arrangement, CSM agreed on February 28,2021 , to advance Jeff 560,000 on a one-year, 7 percent note. with interest to be paid at matuity on Febroary 28, 2022. CSM prepares financial statements on June 30 and December 31 . Required: Prepore the journal entries that CSM will make: (If no entry is required for o transaction/event, select "No Journol Entry Required" in the first account field. Do not round intermediate calculotions. Round your final answers to whole dollar amount.) 1. When the note is established 2. Prepare the journal enties to accrue interest on June 30 and December 31 3. to record the principal payment at the maturity date Journal entry worksheet Record the interest accrued on the nole as of December 31,2021 . Notet Enter debit besore uedat. 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 $60.000 on a one-year, 7 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 o transaction/event, select "No Joumal Entry Required" in the first account field. Do not round intermediate colculations. Round your final answers to whole dollar omount.) 1. When the note is established 2 Prepare the journal entries to accrue interest on June 30 and December 31 3. to record the principal payment at the moturity date Journal entry worksheet 5. Record the receiph of the payment for interest for the period ending Fobruary 28. 2022. Notel Enter sobts betore credits. CSS Morketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the afrangement, CSM agreed on February 28, 2021, to advance Jeff 560,000 on a one yeat, 7 persent note, with interest to be paid at matunity on February 28, 2022. CSM prepares financialstalements on June 30 and December 31 Required: Prepore the Journal entres that CSM will make. (If no entry is required for o tronsoction/event, select "No Joumol Entry Required" in the first account field. Do not round intermediote colculations. Round your final onswers to whole doliar amount.) 1. When the note is estabished 2. Prepare the joumal entries to accrue interest on June 30 and Decenber 31 3. to recoid the principal poyment at the matuity date Journal entry worksheet Recond the receipt of the payment for the prindpal on the notels matuity date
