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The following transactions took place for Parker's Grocery. a . January 1 Loaned $ 5 0 , 0 0 0 to cashiers of the company
The following transactions took place for Parker's Grocery.
a January Loaned $ to cashiers of the company and received back oneyear, percent
b June
b June Accrued interest on the notes.
c December Received interest on the notes. No interest has been recorded since June
d December 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 $ to cashiers of the company and received back oneyear,
percent notes. Record the transaction.
Note: Enter debits before credits.
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