E8-12 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 8- 3] 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 $100,000 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.) View transaction list Journal entry worksheet 2 3 4 5 Record the receipt of notes on November 1, 2020 for $100,000 in loans to new tenants. Note: Enter debits before credits. Date November 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal E8-12 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 8- 3] 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 $100,000 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.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the interest accrued on the notes as of December 31, 2020. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal E8-12 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 8- 3] 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 $100,000 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.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the receipt of interest for the period ending April 30, 2021. Note: Enter debits before credits. Date April 30, 2021 General Journal Debit Credit Record entry Clear entry View general journal E8-12 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 8- 3] 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 $100,000 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.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the receipt of the interest on the note's maturity date. Note: Enter debits before credits. Date October 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal E8-12 (Static) Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest [LO 3] 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 $100,000 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.) View transaction list Journal entry worksheet < 1 2 3 4 5 Record the receipt of the payment for the full principal. Note: Enter debits before credits. Date October 31, 2021 General Journal Debit Credit > Record entry Clear entry View general journal