Samberg Inc. had the following transactions.

Nov. 1 Loaned $10,000 to an employee, who signed a 90-day, 10% note. Interest and principal are due on Jan 31.

Dec. 31 Accrued interest on the note. (Round to the nearest whole dollar amount.)

Jan. 31 Received the interest on the notes maturity date.

Jan. 31 Received the principal on the notes maturity date. (Round to the nearest whole dollar amount.)

Required:

Prepare the required journal entries.