Question 4 of 7 View Policies Current Attempt in Progress On December 31, 2020, Tobita Company had the following balances reported on its balance sheet: Notes Receivable $12,600 Interest Receivable $69.50 The following information is available for the notes receivable reported on December 31, 2020. Customer Note Principal Interest Rate Issue Date Interest Term Accrued 1 E. Tessier $3,000 5.00% Nov. 1, 2020 3 months $25.00 2 R. Wolde 3,000 4.60% Nov. 30, 2020 5 months 11.50 3 D. Deng 6,600 6.00% Dec. 1, 2020 1 year 33.00 Total $12,600 Total $69.50 -/16 E All notes require that the interest be paid on the maturity date of the note. All amounts owing on the notes were paid on time. Tobit prepares annual adjusting entries on December 31, the company's year end. Additional transactions of 2021: Mar. 1 Oct. 30 Dec. 1 Received a $15,000, twelve-month, 5.00% note from T. Lalonde in settlement of an accounts receivable. Interest is due maturity. Received a $6,000, three-month, 4.60% note from J. Han in settlement of an accounts receivable. Interest is due at maturity. Provided a $10,000 loan to Morgan Industriesin exchange for a two-year, 6.00% note with interest due at maturity. Interest on the note is payable each year on November 30. Prepare all required journal entries related to the notes receivables during 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, eg. 52.50.)