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lung & Newbicalm Advertising (JNA) recently hired a new creative director, Howard San Francisco, JNA agreed to advance him $100,000 on April 30, 2021, on

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lung \& Newbicalm Advertising (JNA) recently hired a new creative director, Howard San Francisco, JNA agreed to advance him \$100,000 on April 30, 2021, on a one-year 0 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 Decemher 31 Required: Trepare journal entries to record the note's issuance, interest earned, and interest Jayments received for each quarter and on each payment date. (If no entry is required or a transaction/event, select "No Journal Entry Required" in the first account field. Jo not round intermediate calculations. Round your final answers to whole dolfar imount.) 1. To record the promissory note created on April 30, 2021. (TIP: See Demonstration Case B for a similar problem.) 1. 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 recelved.) t. To record the principal payment at the maturity date. Journal entry worksheet 5678 Record the recelpt of a note on April 30,2021 for a $100,000 loan to the new creative director. Note: Enter debits before credits. Journal entry worksheet 5 6 7 Record the interest accrued on the note as of June 30, 2021. Note: Enter debits before credits. Journal entry worksheet 1 Record the interest accrued on the note as of September 30, 2021. Note: Enter debits before credits. Journal entry worksheet (1) 3 5 6 7 8 Record the receipt of interest for the period ending October 31, 2021. Journal entry worksheet (1) 2 (2) 34 \begin{tabular}{lll} 6 & 7 & 8 \end{tabular} Record the interest accrued on the note as of December 31, 2021. Journal entry worksheet (1) 2 4 5 7 8 Record the interest accrued on the note as of March 31, 2022. Note: Enter debits before credits. Journal entry worksheet 1 2. 4 5 6 8 Record the receipt of interest for the period ending April 30, 2022. Note: Enter debits before credits. Journal entry worksheet (1) 3 5 6 7 Record the receipt of the principal on the note's maturity date. Note: Enter debits before credits

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