The following transactions took place for Parkers Grocery.

a. January 1, loan $56,000 to cashiers of the company and received back one year 8% 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, receive principal on the notes.

Required:

Prepare The journal entries that Parkers grocery would record for the above transactions. (If no injury is required for a transaction/event select no journal entry required in the first account field)

The following transactions took place for Parker's Grocery. a. January 1 Loaned $56,000 to cashiers of the company and received back one-year, 8 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 $56,000 to cashiers of the company and received back one-year, 8 percent notes. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2022 Record entry Clear entry View general journal Journal entry workSHEEL 1 N 2 3 4 > Accrued interest on the notes. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date June 30 2022 Record entry Clear entry View general journal Journal entry workSTEEL