On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Shoemaker's business. The supplier explains that it has a temporary lack of funds that is slowing its production cycle. Shoemaker agrees to lend $420,000 to its supplier using a 12-month, 12% note Required: 1. The loan of $420,000 and acceptance of the note receivable on April 1, 2021. 2. The adjustment for accrued interest on December 31, 2021. 3. Cash collection of the note and interest on April 1, 2022. Record the above transactions for Shoemaker Corporation. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for accrued interest. Note: Enter debits before credits. Date December 31, 2021 Debit Credit General Journal Interest Receivable Interest Revenue 37,800 37,800 Record entry Clear entry View general journal Journal entry worksheet Record the cash collection. Note: Enter debits before credits. Date April 01, 2022 General Journal Debit Credit Cash 470,400 Notes Receivable Interest Revenue Interest Receivable 420,000 12,600 37,800 Record entry Clear entry View general journal