Revise your calculations based the new information provided below and then answer the questions that follow. A company lends $342,000 to an owner and accepts a three year, 7% note in return. The note was issued on June 1st of the current year, and will be due on June 1st of the final year of the note. Required: (a) Prepare the journal entry to be made when the company makes the loan and accepts the note in return. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the interest receivable during the period ending December 31 for Year 2. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal (c) Prepare the journal entries to accrue the interest receivable for each year the note is outstanding. (If no entry is required for transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet