The Kraft Heinz Company was formed in $2015$ with the merger of Kraft Foods and H$.$J$.$ Heinz Corporation. Assume the company$2$an$.1$ Loaned $$36,090$ to a company cashier and recelved back, one$-$year, $9$ percent note.

June $30$ Accrued interest on the note. bec. $31$ Recelved interest and principal on the note. $($No interest has been recorded since June

bec. $31$ Rece $30.)$

Required:

Prepare the journal entries that Parkell's Grocery would record for the above transactions. $($If no entry is required for

tronsoction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

Record the accrued interest on the note.

Note: Enter debits before credits.

Jan. $1$ Lased $$36,000$ to a company cashier and received back a one$-$year, $9$ percent note.

June $30$ Accrued interest on the note.

Dec. $31$ Recelved interest and principal on the note. $($No interest has been recorded since June

Required:

Prepare the journal entries that Parkell's Grocery 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

Record the issuance of loan.

Note: Enter debits before credits.

The following transactions took place for Parkell's Grocery.

Jan. $1$ Loaned $$36,600$ to a company cashier and recefved back a one$-$year, $9$ percent note. June $30$ Accrued interest on the note.

June $30$ Accrued interest on the note. Dec, $31$ Recelved interest and principal on the note. $($No interest has been recorded since June $30.)$

Required:

Prepare the journal entries that Parkell's Grocery 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.$)$

The following transactions took place for Parkell's Grocery.

June $30$ Accrved interest on the note. Dec. $31$ kecelved Interest and peincipal on the note. $($No interest has been recorded since June

Required:

Required: Prepare the journal entries that Parkell's Grocery 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.$)$

$1$

Journal entry worksheet

Record the principal received on the loan.

Note: Enter debits before credits.

reported the following amounts in its unadjusted trial balance $($in millions$)$ as of December $31,2020$:

Required:

Assume Kraft Heinz uses $\frac{1}{2}$ of $1$ percent of sales to estimate its Bad debt expense for the year. Prepare the adjusting journal entry

required for the year, assuming no Bad debt expense has been recorded yet. $($If no entry is required for a transaction$/$event$,$ select

$"$No journal entry required" in the first account field. Enter your answers in millions rounded to the nearest whole dollar number.$)$

Journal entry worksheet

A

Record the Bad debts expenses.

Note: Enter debits before credits.