journal entry1-8

1. Record the reciept of a note on may 31,2018 for a 100,000 loan to an employee

2. Record the interest accured on the note as of June 30, 2018

3. Record the interest accured on the note as of september 30,2018

4. Record the reciept of interest for the period ending november 30,2018

5. Record the interest accured on the note as of december 31,2018

6. Record the interest accured on the note as of march 31, 2019

7. Record the reciept of the oayment for interest for the period endinf may 31,2019

8.Record the reciept of the payment for the principle on the notes maturity date

Stinson Company recently agreed to loan an employee $100.000 for the purchase of a new house. The loan was executed on May 31, 2018, and is a one-year , 6 percent note, with interest payments required on November 30, 2018, and May 31, 2019. Stinson issues quarterly financial statements on March 31, June 30, September 30, and December 31. Required: Prepare journal entries to record the below transactions for Stinson Company. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld. Do not round Intermediate calculations.) 1. Stinson will make when the note is established 2. Stinson will make to record the interest accruals at each quarter-end and interest payments at each payment date. 3. Stinson will make to record the principal payment at the maturity date