The following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $61,ee0 to an employee of the company and received back a one-year, 9 percent note. b. Dec. 31 Accrued interest on the note. 2018 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 transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the receipt of a note on July 1, 2017 for a $61,000 loan to an employee Journal entry worksheet 2 3 4 Record the interest accrued on the note as of December 31, 2017. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2017 Journal entry worksheet 1 2 3 4 5 Record the receipt of interest for the period ending April 30, 2018 Note: Enter debits before credits. Date General Journal Debit Credit Apr 30, 2018 Journal entry worksheet 2 3 Record the receipt of the payment for the full principal. Note: Enter debits before credits. General Journal Debit Credit Date Jul 01, 2018