The following transactions took place for Smart Solutions Incorporated.

$2020$

a$.$ July $1$ Loaned $$63,000$ to employees of the company and received back one$-$year, $8$ percent notes.

b$.$ December $31$ Accrued interest on the notes.

$2021$

c$.$ July $1$ Received interest on the notes. $($No interest has been recorded since December $31.)$

d$.$ July $1$ Received principal on the notes.

Required:

Prepare the journal entries that Smart Solutions Incorporated 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.$)$