E8-11 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 8- 3] The following transactions took place for Parker's Grocery. a. January 1 Loaned $50,000 to cashiers of the company and received back one-year, b. June 30 8 percent notes. Accrued interest on the notes. c. December 31 Received interest on the notes. (No interest has been recorded since June 30.) d. December 31 Received principal on the notes. Required: Prepare the journal entries Parker's Grocery 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 Journal entry worksheet 1 2 3 4 Loaned $50,000 to cashiers of the company and received back one-year, 8 percent notes. Record the transaction. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal E8-11 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 8- 3] The following transactions took place for Parker's Grocery. a. January 1 b. June 30 Loaned $50,000 to cashiers of the company and received back one-year, 8 percent notes. Accrued interest on the notes. c. December 31 Received interest on the notes. (No interest has been recorded since June 30.) d. December 31 Received principal on the notes. Required: Prepare the journal entries Parker's Grocery 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 Journal entry worksheet < 1 2 3 4 Accrued interest on the notes. Record the transaction. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry View general journal E8-11 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 8- 3] The following transactions took place for Parker's Grocery. a. January 1 b. June 30 Loaned $50,000 to cashiers of the company and received back one-year, 8 percent notes. Accrued interest on the notes. c. December 31 Received interest on the notes. (No interest has been recorded since June 30.) d. December 31 Received principal on the notes. Required: Prepare the journal entries Parker's Grocery 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 Journal entry worksheet > 1 2 3 4 Received interest on the notes. (No interest has been recorded since June 30.) Record the transaction. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal > E8-11 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 8- 3] The following transactions took place for Parker's Grocery. a. January 1 b. June 30 Loaned $50,000 to cashiers of the company and received back one-year, 8 percent notes. Accrued interest on the notes. c. December 31 Received interest on the notes. (No interest has been recorded since June 30.) d. December 31 Received principal on the notes. Required: Prepare the journal entries Parker's Grocery 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 Journal entry worksheet 1 2 3 4 Received principal on the notes. Record the transaction. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal >