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Smart Solutions inc. problem... Please be specific with final answers in regards to the charts and where they belong. Thanks so much! The following transactions
Smart Solutions inc. problem...
Please be specific with final answers in regards to the charts and where they belong.
Thanks so much!
The following transactions took place for Smart Solutions Inc 2014 a. July 1 Loaned $67,000 to an employee of the company and received back a one-year, 9 percent note ote 2015 c. July 1 Received interest on the note. (No interest has been recorded since December 31.) d. July 1 Received principal on the note. Required: Prepare the journal entries that Smart Solutions Inc. would record for the above transactions. (lf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 1 2 3 4 Record the receipt of a note on July 1, 2014 for a $67,000 loan to an employee Debit Credit Date General Journal Jul 01, 2014 *Enter debits before credits record entry done clear entryStep by Step Solution
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