E$8-12($Algo$)$ Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest $[$LO $83]$

To attract retailers to its shopping center, the Marketplace Mall will lend money to tenants under formal contracts, provided that they use it to renovate their store space. On November $1,2020,$ the company loaned $$91,000$ to new tenants on one$-$year notes with stated annual interest rates of $9$ percent. Interest is to be received by Marketplace Mall on April $30,2021,$ and at maturity on October $31,2021.$

Required:

Prepare journal entries that Marketplace Mall would record related to these notes on the following dates: $($a$)$ November $1,2020$; $($b$)$ December $31,2020($Marketplace Mall's fiscal year$-$end$)$; $($c$)$ April $30,2021$; and $($d$)$ October $31,2021.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

$\backslash$table$[[$View transaction list$],[$Record the receipt of notes on November $1,2020$ for$],[$$$91,000$ in loans to new tenants.$],[$Record the interest accrued on the notes as of December$],[31,2020.],[$Record the receipt of interest for the period ending April$],[30,2021.],[4$ Record the receipt of the interest on the note's maturity$],[$date$.],[5$ Record the receipt of the payment for the full principal.$]]$