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The following transactions took place for Smart Solutions Incorporated. a. July 1 Loaned 572,000 to employees of the company and recelved back one year, 8
The following transactions took place for Smart Solutions Incorporated. a. July 1 Loaned 572,000 to employees of the company and recelved back one year, 8 percent notes. b. December 31 Accrued interest on the notes. 2021 c. July 1 Received interest on the notes. (Mo interest has been recorded since December M.) 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 (ransoction/event, select "No Journal Entry Required" in the first occount field.) Answer is not complete
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