E8-10 Recording Note Receivable Transactions including Accrual Adjustment for interest [LO 8-3] The following transactions took place for Smart Solutions Inc. 2014 a. July 1 Loaned $66,000 to an employee of the company and received back a one-year, 8 percent note. b. Dec. 31 Accrued interest on the note. 2015 c. July 1 eceived interest on the note. (No interest has been recorded since December 31.) d. July 1 Received principal on the note Required: Prepare the journal entries that Smart Solutions Inc. would record for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry worksheet 12 34 Record the receipt of a note on July 1, 2014 for a $66,000 loan to an employee. Date Debit Credit General Journal Jul 01, 2014 *Enter debits before credits clear entry record entry done