On April 1, 2024, Washtenaw Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Washtenaw's business. The supplier explains that it has a temporary lack of funds that is slowing its production cycle. Washtenaw agrees to lend $420,000 to its supplier using a 12 -month, 12% note. Required: Record the following transactions for Washtenaw Corporation: 1. The loan of $420,000 and acceptance of the note receivable on April 1, 2024 . 2. The adjusting entry for accrued interest on December 31, 2024. 3. Cash collection of the note and interest on April 1, 2025. Journal entry worksheet 2 Record the loan of $420,000 and acceptance of the note receivable on April 1 , 2024. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for accrued interest on December 31, 2024. Note: Enter debits before credits. Journal entry worksheet Record the cash collection of the note and interest on April 1, 2025. Note: Enter debits before credits