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The following transactions took place for Parker's Grocery. a. January 1 Loaned $57,000 to cashiers of the company and received back one-year, 10 percent notes.
The following transactions took place for Parker's Grocery. a. January 1 Loaned $57,000 to cashiers of the company and received back one-year, 10 percent notes. b. June 30 Accrued interest on the notes. c. Decesber 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.) Journal entry worksheet Loaned $57,000 to cashiers of the company and received back one-year, 10 percent notes. Record the transaction. Note: Enter debits before credits
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