The following transactions took place for Parker Inc. 2019 a. July 1 Loaned $78,000 to an employee of the company and received back a one-year, 8 percent no b. Dec. 31 Accrued interest on the note. 2020 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 Parker Inc. would record for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 > Record the receipt of a note on July 1, 2019 for a $78,000 loan to an employee. Note: Enter debits before credits. Credit Date General Journal Jul 01, 2019 Notes Receivable Cash Debit 78,000 78,000 Record entry Clear entry View general journal The following transactions took place for Parker Inc. 2019 a. July 1 Loaned $78,000 to an employee of the company and received back a one-year, 8 percent note. b. Dec. 31 Accrued interest on the note. 2020 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 Parker Inc. would record for the above transactions. View transaction list Journal entry worksheet Record the interest accrued on the note as of December 31, 2019. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31, 2019 Interest Receivable Interest Revenue Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 4 5 Record the receipt of the interest on the note's maturity date. No interest has been recorded since December 31, 2020. Note: Enter debits before credits. Date General Journal Debit Credit Jul 01, 2020 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 5 > Record the receipt of the payment for the full principal. Note: Enter debits before credits. General Journal Debit Credit Date Jul 01, 2020 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 3 Q 5 > Description Note: Enter debits before credits. Date General Journal Debit Credit Record entry Clear entry View general journal