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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

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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 1,2020 , the company loaned $98,000 to new tenants on one-year notes with stated annual interest rates of 9 percent. Interest is to be received by Marketplace Mall on April 30, 2021, and at maturity on October 31,2021. Required: Prepare journal entries that Marketplace Mall would record related to these notes on the following dates: (a) November 1, 2020; (b) December 31, 2020 (Marketplace Mall's fiscal year-end), (c) April 30, 2021, and (d) October 31, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the Interest accrued on the notes as of December 31,2020. Note: Enter debuts before credits. Record the receipt of notes on November 1,2020 for $98,000 in loans to new tenants. Note: Enter debits before credits. Record the receipt of interest for the period ending April 30, 2021. Note: Enter debits before credits. Record the receipt of the interest on the note's maturity date. Note: Enter debits before credits. Record the receipt of the payment for the full principal. Note: Enter debits before credits

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