The following transactions took place for Smart Solutions Inc.

	2014
a.	July 1	Loaned $67,000 to an employee of the company and received back a one-year, 9 percent note.
b.	Dec. 31	Accrued interest on the note.
	2015
c.	July 1	Received interest on the note. (No interest has been recorded since December 31.)
d.	July 1	Received principal on the note.

Required:

Prepare the journal entries that Smart Solutions Inc. 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.)