Exercise 5-17A Record notes recelvable and Interest revenue (L05-7) On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Shoemaker's business. The supplier explains that it has a temporary lack of funds that is slowing its production cycle Shoemaker agrees to lend $590,000 to its supplier using a 12-month, 12% note Required: 1. The loan of $590.000 and acceptance of the note receivable on April 1 2021 2. The adjustment for accrued interest on December 31, 2021 3. Cash collection of the note and interest on Apr 1, 2022 Record the above transactions for Shoemaker Corporation Of 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 1 2 3 Record the loan of 5590,000 and acceptance of the note receivable on April 1. 2021 Date General Journal Debit Credit Apni 01 2021