The following transactions took place for Parker's Grocery.

a$.$ January $1$ Loaned $$50,000$ to cashiers of the company and received back one$-$year, $8$ percent

b$.$ June $30$

b$.$ June $30$ Accrued interest on the notes.

c$.$ December $31$ Received interest on the notes. $($No interest has been recorded since June $30.)$

d$.$ December $31$ Received principal on the notes.

Required:

Prepare the journal entries Parker's Grocery would record for the above transactions.

Note: If no entry is required for a transaction or event, select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet

Loaned $$50,000$ to cashiers of the company and received back one$-$year, $8$

percent notes. Record the transaction.

Note: Enter debits before credits.