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Please help me with this question C&s Marketing (CSM) recently hired a new marketing director, Jeff tos, for its downtown Minneapolis office. As part of
Please help me with this question
C&s Marketing (CSM) recently hired a new marketing director, Jeff tos, for its downtown Minneapolis office. As part of the arrangement, agreed on February 28, 2015, to advance Jeff $30,000 year, 8 percent note, with interest to be paid at maturity on February 28, 2016. CSM prepares financial statements on June 30 and December 31. Required: 1. Prepare the journal entry that CSM will make when the note is established. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) view transaction list View general Journa Journal Entry Worksheet Record the receipt of a note on February 28, 2015 for a $30,000 loan to an employee. Debit Credit General Journal Date Feb 28, 2015 Interest Receivable Interest Revenue Enter debits before credits clear entry record entry doneStep by Step Solution
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