This is a 4-part question. Thank you so much:)
The following transactions took place for Smart Solutions Incorporated. a. July 1 Loaned $84,000 to exployeen of the eonpany and received back one-year, 9 porcent notes. b. Decenber 31 xcerued interest on the notes. b. Deceser 2021 c. July i Recelved interest on the notes. (No interent has been recorded aince December 31.) d. Joly 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 transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Loaned $84,000 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 $86,000 to enployeen of the company and recelved back one-year, 9 percent notes. b. Decenber 31 mocrued interest on the notes. e. - Jecester to C. Jaly i Rocolved interent on the noten. (No interest has been recorded aince Decenber 31.) d. July i Recelved prinelpal 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 fleld.) Journal entry worksheet: Accrued interest on the notes. Record the transaction. Note: Enter debita before crettits. The foliowing transactions took place for Smant Solutions incorporated. a. July 1 Loaned $84,000 to enployees of the conpany and recelved back one-year, 9 porcent notee. b. Decenber 31 Accrued interent on the notes. b. 2021 e. July 1 Meceived interest on the notes. (No-interest hae been rocorded aince Deconber. 31.) d. July.1 Recelved prinelpal on the notes. Required: Prepore 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 Recelved interest on the notes. (No interest has been recorded since December 31.) Record the transaction. Noted Enter debits before cresta. The following transactions took place for Smart Solutions incorporated. 2020 a. July i Loaned \$38,000 to enployeen of the company and recelved back one-year, 9 percent notes. b. Decenber 31 Accrued intereat on the notes. c. July i pocelved interest on the notes. (No intereet has been recorded gince Deconber 31+ ) d. July 1 Received prineipal 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 Recelved principal on the notes. Record the transaction. f Whe ther bebits tefare oredits
