Prepare journal entries for the following transactions: Date Description Principal Interest rate Maturity 2/1/2023 ABC Co. loans XYZ Co. cash $50,000 5%6 months 8/1/2023 XYZ Co repays ABC Co in full Date Description 3/1/2023 ABC Co. loans XYZ Co. cash 12/1/2023 XYZ Co repays ABC Co in full Date Description 3/1/2023 ABC Co. loans XYZ Co. cash 12/1/2023 XYZ Co repays ABC Co in full Date Description 3/1/2023 ABC Co. loans XYZ Co. cash Principal $160,000 Principal $800,000 Principal $160,000 Interest rate Maturity 7%9 months Interest rate Maturity 8%4 months Interest rate Maturity 4%9 months 12/1/2023 XYZ Co repays ABC Co in full Prepare journal entries for the following transactions: Date Description Principal Interest rate Maturity 2/1/2023 ABC Co. loans XYZ Co. cash $50,000 5%6 months 8/1/2023 XYZ Co repays ABC Co in full Date Description 3/1/2023 ABC Co. loans XYZ Co. cash 12/1/2023 XYZ Co repays ABC Co in full 3/1/2023Date ABC Co. loans XYZ Co. cash 12/1/2023 XYZ Co repays ABC Co in full Date Description 3/1/2023 ABC Co. loans XYZ Co. cash Principal $160,000 Principal $800,000 Principal $160,000 Interest rate Maturity 7%9 months Interest rate Maturity 8%4 months Interest rate Maturity 4%9 months 12/1/2023XYZ Co repays ABC Co in full Prepare journal entries for the following transactions: Date2/1/2023DescriptionABCCo.loansXYZCo.cash Note receivable Cash 8/1/2023XYZ Co repays ABC Co in full Cash Note receivable Interest revenue Note receivable Cash 12/1/2023XYZ Co repays ABC Co in full Cash Note receivable Interest revenue 3/1/2023Date ABC Co. loans XYZ Co. cash Note receivable Cash 50,000 50,000 51,250 Principal $160,000 50,000 1,250 160,000 168,400 Principal Interest rate Maturity $800,000 8%4 months 160,000 7%9 months 160,000 8,400 800,000 800,000 7/1/2023XYZ Co repays ABC Co in full Cash 821,333 Note receivable 800,000 Interest revenue 21,333