on October 1, 2024 Ogneva corporation one to one of its employees $41,400 and accepts a 12 month 8% note receivable.

On October 1, 2024, Ogneva Corporation loans one of its employees $41,400 and accepts a 12-month, 8% note receivable. Required: Record (a) lending of $41,400 cash to an employee on October 1, 2024, (b) the adjusting entry for interest on December 31, 2024, and (c) collection of cash for the note and interest on October 1, 2025. (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 lending of $41,400 cash to an employee. Note: Enter debits before credits