?Stinson Company recently agreed to loan an employee $180,000 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.

Stinson Company recently agreed to loan an employee $180,000 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 view general journal Journal Entry Worksheet Record the receipt of a note on May 31, 2015 for a $180,000 loan to an employee. Date General Journal Debit Credit May 31, 2015