value 12.00 points The following transactions took place for Smart Solutions Inc. 2014 a. July 1 Loaned $75,000 to an employee of the company and received back a one-year, 8 percent note. Accrued interest on the note. b. Dec. 31 2015 c. July d. July 1 1 Received interest on the note. No interest has been recorded sice December 31 Received principal on the note. Required: Prepare the joumal entries that Smart Solutions Inc. would record for the above transactions. ( required for a transaction/event, select "No J ournal Entry Required" in the first account field.) View transaction list Record the receipt of a note on July 1, 2014 for a $75,000 loan to an employee. 1 Record the interest accrued on the note as of December 31, 2014. 2 Record the receipt of the interest on the note's maturity date. No interest has been recorded since December 31, 2014 3 Credit 4 Record the receipt of the payment for the full principal. Note:journal entry has been entered MacBoo 0 F3 F2