he following transactions took place for Parkell's Grocery. Jan. 1 Loaned $70,000 to a company cashier and received back a one-year, 11 percent note. June 30 Accrued interest on the note. Dec. 31 Received interest and principal on the note. (No interest has been recorded since June 30.) Required: repare the journal entries that Parkell's Grocery would record for the above transactions. (If no entry is required for a ransaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 1 Record the principal received on the loan. Note: Enter debits before credits