Stinson Company recently agreed to loan an employee $130,000 for the purchase of a new house. The loan was executed on May 31, 2015, and is a one-year, 6 percent note, with interest payments required on November 30 2015, and May 31, 2016. Stinson issues quarterly financial statements on March 31, June 30, September 30, and December 31 Required: 1. Prepare the journal entry that Stinson will make when the note is established. (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 receipt of a note on May 31, 2015 for a $130,000 loan to an employee. Note: Enter debits before credits May 3 2015 Record entry View general journal Clear entry 2. Prepare the journal entries that Stinson will make to record the interest accruals at each quarter end and interest payments at each payment date. (f no entry is required for a transactionievent, select "No Journal Entry Required" in the first account field. Round your answers to nearest whole dollar.) View transaction list Import a new list 1 Record the interest accrued on the note as of June 30, 2015 2 Record the interest accrued on the note as of September 30, 2015 3 Record the receipt of interest for the period ending November 30, 2015 4 Record the interest accrued on the note as of December 31, 2015 5 Record the interest accrued on the note as of March 31, 2016 Note:- journal entry has been entered 2. Prepare the journal entries that Stinson will make to record the interest accruals at each quarter end and interest payments at each payment date. (f no entry is required for a transactionievent, select "No Journal Entry Required" in the first account field. Round your answers to nearest whole dollar.) View transaction list Import a new list 2 Record the interest accrued on the note as of September 30, 2015 period ending November 30, 2015 as of December 31, 2015 30 3 Record the receipt of interest for the 4 Record the interest accrued on the note 5 Record the interest accrued on the note as of March 31, 2016 6 Record the receipt of the payment for interest for the period ending May 31 2016 Note : journal entry has been entered Record entry View general journal Clear entry 3. Prepare the journal entry that Stinson will make to record the principal payment at the maturity date. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the receipt of the payment for the principal on the note's maturity date. Note: Enter debits before credits. May 31 2016 Record entry View general journal Clear entry