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Help Save& To attract retailers to its shopping center, the Marketplace Mall will lend money to tenants under formal contracts, provided that they use it

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Help Save& 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, 2017, the company loaned $103,000 to a new tenant on a one-year note with a stated annual interest rate of 9 percent. Interest is to be received by Marketplace Mall on April 30, 2018, and at maturity on October 31, 2018. Required: Prepare journal entries that Marketplace Mall would record related to this note on the following dates: (a) November 1, 2017: (b) December 31, 2017 (Marketplace Mall's fiscal year-end); (c) April 30, 2018; and (d) October 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the receipt of a note on November 1, 2017 for a $103,000 loan to a new tenant. Credit Nov 01, 2017 Clear entry December 31, 2017 (Marketplace Mall's filscal year-end); (c) April 30, 2018; and (d) October 31, 2018. (f no entry is rec transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 3 5 Record the interest accrued on the notes as of December 31, 2017. I Journal Credit Dec 31, 2017 View general journal Prev : 4 of 9 Next > December 31, 2017 (Marketplace Mall's fiscal year-end): (c) April 30, 2018; and (d) October 31, 2018. (If no entry is Record the receipt of interest for the period ending April 30, 2018 Apr 30, 2018 Clear entry 12 I entries that Marketplace Mall would record related to this note on the following dates: (a) Novemb December 31, 2017 (Marketplace Mall's fiscal year-end); (c) April 30, 2018; and (d) October 31, 2018. (If no entry is Oct 31, 2018 Clear entry Next > December 31, 2017 (Marketplace Mall's fiscal year-end); (c) April 30, 2018; and (d) October 31, 2018. (If no entry is re transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the receipt of the payment for the full principal. Debit Oct 31, 2018 Clear entry View general journal 4 of 9

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