The following transactions took place for Smart Solutions Inc a July 1 Loaned $72,eee to an employee of the company and received back a one-year, 8 percent note. b. Dec.31 Accrued interest on the note. 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.) View transaction list Journal entry worksheet Record the receipt of a note on July 1, 2017 for a $72,000 loan to an employee Note: Enter debits before credits Date General Journal Debit Credit Jul 01, 2017 Record entry Clear entry View general journal