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value: 12.00 points To attract retailers to its shopping center, the Marketplace Mall will lend money to tenants under formal contracts, provided that they use
value: 12.00 points 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, 2014, the company loaned $107,000 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, 2015, and at maturity on October 31, 2015 Required: Prepare journal entries that Marketplace Mall would record related to this note on the following dates (a) November 1, 2014; (b) December 31, 2014 (Marketplace Mall's fiscal year-end); (c) April 30, 2015; and (d) October 31, 2015. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Nov 01, 2014 Notes Receivable 107,000 Cash 107,000 2 Dec 31, 2014 | Interest Receivable Interest Revenue 3 Apr 30, 2015 Cash Interest Revenue Interest Receivable 4Oct 31, 2015 Interest Revenue 5 Oct 31, 2015 Cash Notes Receivable
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