Exercise 5-17 (Algo) Record notes receivable and interest revenue (LO5-7) On April 1, 2024, Macomb Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Macomb's business. The supplier explains that it has a temporary lack of funds that is slowing its production cycle. Macomb agrees to lend $530,000 to its supplier using a 12-month, 12% note Required: Record the following transactions for Macomb Corporation 1. The loan of $530,000 and acceptance of the note receivable on April 1, 2024 2. The adjusting entry for accrued interest on December 31, 2024. 3. Cash collection of the note and interest on April 1, 2025. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the cash collection of the note and interest on April 1, 2025. Note: Enter debits before credits. Datel April 01, 2025 General Journal Debit Credit Record entry Clear entry View general journal