PB8-3 (Algo) Recording Notes Receivable Transactions [LO 8-3] StInson Company recently agreed to loan an employee $190,000 for the purchase of a new house. The loan was executed on May 31 , 2021, and Is a one-year, 6 percent note, with Interest payments required on November 30, 2021, and May 31, 2022. StInson Issues quarterly financlal statements on March 31, June 30, September 30 , and December 31. Requlred: Prepare journal entrles to record the below transactions for Stinson Company. (If no entry is requlred for a transactlon/event, select "No Journal Entry Requlred" In the first account fleld. Do not round Intermedlate calculations. Round your final answers to the nearest whole dollar.) 1. When the note is established. 2. To record the Interest accruals at each quarter-end and interest payments at each payment date. 3. To record the principal payment at the maturity date. PB8-3 (Algo) Recording Notes Receivable Transactions [LO 8-3] Stinson Company recently agreed to loan an employee $190,000 for the purchase of a new house. The loan was executed on May 31 , 2021, and is a one-year, 6 percent note, with Interest payments required on November 30, 2021, and May 31, 2022. Stinson Issues quarterly financlal statements on March 31, June 30 , September 30 , and December 31. Requlred: Prepare journal entrles to record the below transactions for Stinson Company. (If no entry is requlred for a transactlon/event, select "No Journal Entry Requlred" In the first account field. Do not round Intermedlate calculations. Round your final answers to the nearest whole dollar.) 1. When the note Is established. 2. To record the Interest accruals at each quarter-end and Interest payments at each payment date. 3. To record the principal payment at the maturity date. 1 Record the receipt of a note on May 31, 2021 for a $190,000 loan to an employee. 2 Record the interest accrued on the note as of June 30 , 2021 3 Record the interest accrued on the note as of September 30,2021 4 Record the receipt of interest for the period ending November 30, 2021. 5 Record the interest accrued on the note as of December 31, 2021. Note: = journal entry has been entered