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Please answer every part of the question. Thank you! The following tansactions took place for Smart Solutions Incorporated. a. July 1 Loaned $69,000 to eeployees
Please answer every part of the question. Thank you!
The following tansactions took place for Smart Solutions Incorporated. a. July 1 Loaned $69,000 to eeployees of c. July.1 Recelved interest on the notes. (Wo interest has been recorded stnce Decenber 31.) Required: Prepare the joumal entries that Smart Solutions Incorporated would record for the above transactions. (If no entry is requtred for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Loaned $69,000 to employees of the company and received back one-year, 8 percent notes. Record the transaction. Journal entry worksheet Accrued interest on the notes, Record the transaction. Noto: Enter debits befare creditt Journal entry worksheet 4 Received interest on the notes. (No interest has been recorded since December 31.) Record the transaction. Nate: Enter debits before tredita: Journal entry worksheet 12 Received principal on the notes. Record the transaction. Notes Enter debita before credits Step by Step Solution
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