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The following transactions took place for smart solutions incorporated. 2020 a. July 1 Loaned $69,000 to employees of the company and received back one-year, 8
The following transactions took place for smart solutions incorporated. 
The following transactions took place for Smart Solutions Incorporated. 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 Received principal on the notes. Record the transaction. Note: Enter debits before credits 2020
a. July 1 Loaned $69,000 to employees of the company and received back one-year, 8 percent notes.
b. December 31 accured interest on the notes
2021
c. July 1 Received interest on the notes
d. July 1 received principal on the notes
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang
1st edition
78025494, 978-0078025495
