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The following transactions took place for Parker's Grocery. a. January 1 Loaned $52,000 to cashiers of the company and received back one-year, 9 percent
The following transactions took place for Parker's Grocery. a. January 1 Loaned $52,000 to cashiers of the company and received back one-year, 9 percent notes. 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 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 Loaned $52,000 to cashiers of the company and received back one-year, 9 percent notes. Record the transaction. Note: Enter debits before credits. Date January 01, 2023 General Journal Debit Credit View transaction list ok Journal entry worksheet ences < 1 2 3 4 Accrued interest on the notes. Record the transaction. Note: Enter debits before credits. Date June 30, 2023 General Journal Debit Credit Record entry Clear entry View general journal < 1 2 3 4 Received interest on the notes. (No interest has been recorded since June 30.) Record the transaction. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Received principal on the notes. Record the transaction. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Record entry Clear entry View general journal
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