Jung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard Rachell, for its Madison Avenue office in New York. To persuade Howard to move from San Francisco, JNA agreed to advance him $130,000 on April 30, 2021, on a one-year, 10 percent note, with interest payments required on October 31, 2021, and April 30, 2022. JNA issues quarterly financial statements on March 31, June 30, September 30, and December 31. Required: Prepare journal entries to record the note's issuance, interest earned, and interest payments received for each quarter and on each payment date. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to whole dollar amount) 1. To record the promissory note created on April 30, 2021. (TIP: See Demonstration Case B for a similar problem.) 2. To record the interest accruals at each quarter-end and interest payments at each payment date (TIP: Interest receivable will be accrued at the end of each quarter, and then will be reduced when the interest payment is received.) 3. To record the principal payment at the maturity date. View transaction list View journal entry worksheet No Date General Journal De 1 April 30, 2021 Notes Receivable (short-term) Cash 2 June 30, 2021 Interest Receivable Interest Revenue 3 September 30, 2021 Interest Receivable Interest Revenue 4 October 31, 2021 Cash Interest Receivable Interest Revenue December 31, 5 Interest Receivable 2021 Record the receipt of a note on April 30, 2021 for a $130,000 loan to the new creative director. 2 Record the interest accrued on the note as of June 30, 2021. 3 Record the interest accrued on the note as of September 30, 2021. Record the receipt of interest for the period ending October 31, 2021. Record the interest accrued on the note as of December 31, 2021. 6 Record the interest accrued on the note as of March 31, Note: 6 journal entry has been entered March 31, 2022 Interest Receivable Interest Revenue 7 April 30, 2022 Cash Interest Recebrable EX 4 Record the receipt of interest for the period ending October 31, 2021. 5 Record the interest accrued on the note as of December 31, 2021. 6 Record the interest accrued on the note as of March 31, 2022. 7 Record the receipt of interest for the period ending April 30, 2022. 8 Record the receipt of the principal on the note's maturity date. Note: = journal entry has been entered EX