Saved Hel Exercise 5-17A Record notes receivable and interest revenue (LO5-7) On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Shoemaker's business. The supplier explains that it has a temporary lack of funds that is slowing its production cycle. Shoemaker agrees to lend $600,000 to its supplier using a 12-month, 11% note. Required: 1. The loan of $600,000 and acceptance of the note receivable on April 1, 2021. 2. The adjustment for accrued interest on December 31, 2021. 3. Cash collection of the note and interest on April 1, 2022. ces Record the above transactions for Shoemaker Corporation. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 April 01, 2021 Notes Receivable 600,000 Cash 600,000 2. The adjustment for accrued interest on December 31, 2021. 3. Cash collection of the note and interest on April 1, 2022. Record the above transactions for Shoemaker Corporation. (If no entry is required for a particular transaction/event, sele Journal Entry Required" in the first account field.) No Date General Journal Debit Credit 1 April 01, 2021 Notes Receivable 600,000 Cash 600,000 2 December 31, 202 Interest Receivable 49,500 Interest Revenue 49,500 3 April 01, 2022 Cash 666,000 Interest Revenue Notes Receivable 600,000 Interest Receivable