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2 The following transactions took place for Smart Solutions Incorporated ents...

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Accounting

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2 The following transactions took place for Smart Solutions Incorporated ents 2020 9. July 1 Loaned $64,000 to employees of the company and received back one-year, 10 percent notes. b. December 31 Accrued Interest on the notes. 2021 C. July 1 Received Interest on the notes. (No interest has been recorded since December 31. ) d. July 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 a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. NO General Journal Dato July 01, 2020 Credit 1 Notes Receivable Cash Debit 64,000 64,000 2 > December 31, 202 Interest Receivable Interest Revenue 3,200 > 3.200 > 3 July 01, 2021 Cash Interest Revenue 3,400 > 4 July 01, 2021 Cash Notes Receivable 64,000 64,000

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