The following transactions took place for Smart Solutions Incorporated 2020 a. July 1 Loaned 567,690 to eaployees of the company and received back one-year, 9 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 Decenber 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 transoction/event, select "No Journol Entry Required" in the first account field.) Journal entry worksheet Loaned $67,000 to employees of the company and received back one-year, 9 percent notes. Record the transaction. Note: Enter debits before credits. The following transactions took place for Smart Solutions Incorporated a. July 1 Loaned $67,000 to employees of the company and received back one-year, 9 percent notes. b. December 31 Accrued interest on the notes. 2021 c. July 1 Received interest on the notes. (W0 interest has been recorded since Decenber 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.) Journal entry worksheet Accrued interest on the notes. Record the transaction. Notes Enter debuts befere credits. The following transactions took place for Smart Solutions Incorporated a. July 1 Loaned 967 , aw to employees of the company and recelved back one-year, 9 percent notes. b. Dectaber 31 Accrued interest on the notes. 2es1 6. July 1 Aecelved interest an the notes. (Mo interest has been recorded since Decenber 31.) 1. July 1 hecelved principol on the notes. Required: Prepare the joumat entries that Smart Solutions Incorporated would record for the above transactions. (If no entry is required for a transoction/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet 4 Received interest on the notes. (No interest has been recorded since. December 31.) Record the transaction. Motes finter aebis belure aredth. The following transactions took place for Smart Solutions Incorporated. a. July 1 Loaned $67, 00e to employees of the company and received back one-year, 9 percent notes. b. Deceeber 31 Acerued interest on the notes. c. July 1 Recelved interest on the notes. (Wo interest has been reconded since Decenber 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 transoction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet
