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Jung & Newbicalm Advertising (JNA) recently hired a new creatve director, Howard Rachell, for its Madison Avenue office in New York To persuade Howard to

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Jung & Newbicalm Advertising (JNA) recently hired a new creatve director, Howard Rachell, for its Madison Avenue office in New York To persuade Howard to move from San Francisco, JNA agreed to advance him $200,000 on Apri 30, 2018, on a one year, 9 percent note, with interest payments required on October 31, 2018, and Aprll 30, 2019. JNA June 30, September 30, and December 31 ssues quarterly financial statements on March 31, Prepare journal entres to record the note's issuance, Interest earned. and interest payments r payment date. (If no entry is required round Intermediate calculations. Round your final answers to receved for each quarter and on each for e transaction/event, select "No Journal Entry Requlred" In the first account whole dollar amount) Journal entry worksheet 2

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