To attract retailers to its shopping center, the Marketplace Mall will lend money to tenants under formal contracts, provided that they use it to renovate their store space On November 1, 2017, the company loaned $90,000 to a new tenant on a one year note with a stated annual interest rate of 9 percent. Interest is to be received by Marketplace Mall on April 30, 2018, and at maturity on October 31, 2018 Required: Prepare journal entries that Marketplace Mall would record related to this note on the following dates: (a) November 1, 2017; (b) December 31, 2017 (Marketplace Mall's fiscal year-end); (c) April 30, 2018; and (d) October 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction fist Journal entry worksheet 1 3 4 5 Record the receipt of a note on November 1, 2017 for a $90,000 loan to a new tenant Note Enter debits before credits Credit Date General Journal Nov 01, 2017 Notes Receivable Cash Debit 90.000 90,000 Record the receipt of interest for the period ending April 30, 2018 Note: Enter debits before credits Debit Credit Date General Journal Apr 30, 2018 Cash Interest Receivable Interest Revenue 2,700 4 5 Record the receipt of the interest on the note's maturity date. Note: Enter debits before credits General Journal Debit Credit Date Oct 31, 2018 4 of 4 !!! Next To attract retailers to its shopping center, the Marketplace Mall will lend money to tenants under formal contracts, provided that they use it to renovate their store space. On November 1, 2017, the company loaned $90,000 to a new tenant on a one-year note with a stated annual interest rate of 9 percent . Interest is to be received by Marketplace Mall on April 30, 2018, and at maturity on October 31, 2018 Required: Prepare journal entries that Marketplace Mall would record related to this note on the following dates: (a) November 1, 2017; (b) December 31, 2017 (Marketplace Mall's fiscal year-end); (c) April 30, 2018; and (d) October 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet Record the receipt of the payment for the full principal. Note Enter debts before credits General Journal Debit Credit Date Oct 31, 2018