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The following transactions took place for Parker's Grocery a. Jan. 1 Loaned $53,000 to a cashier of the company and received back a one-year, 8
The following transactions took place for Parker's Grocery a. Jan. 1 Loaned $53,000 to a cashier of the company and received back a one-year, 8 percent note, c Dec 31 Received interest on the note. (No interest has been recorded since June 30.) d. Dec. 31 Received principal on the note Required: Prepare the journal entries that Parker's Grocery would record for the above transactions. (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 1 2 3 4 Record the receipt of a note on January 1 for a $53,000 loan to an employee. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Record entry Clear entry View general journal
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