The following transactions took place for Smart Solutions Incorporated. 2020 a. July 1 Loaned $75,000 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 d. July 1 Required: Received interest on the notes. (No interest has been recorded since December 31.) Received principal on the notes. 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.) View transaction list Journal entry worksheet Received interest on the notes. (No interest has been recorded since December 31.) Record the transaction. Note: Enter debits before credits. General Journal Debit Credit 6,750 3,375 3,375 Date July 01, 2021 Cash Interest Receivable Interest Revenue Record entry Clear entry View general journal The following transactions took place for Smart Solutions Incorporated. 2020 a. July 1 Loaned $75,000 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 d. July 1 Required: Received interest on the notes. (No interest has been recorded since December 31.) Received principal on the notes. 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.) View transaction list Journal entry worksheet Accrued interest on the notes. Record the transaction. Note: Enter debits before credits Date General Journal Debit Credit 3,375 3,375 December 31, 2020 Interest Receivable Interest Revenue Record entry Clear entry View general journal