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fill in blanks value: 12.00 points The following transactions took place for Smart...

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Accounting

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value: 12.00 points The following transactions took place for Smart Solutions Inc 2014 Loaned $77,000 to an employee of the company and received back a one-year, 9 percent note Accrued interest on the note a. July 1 b. Dec. 31 2015 c. July 1 d. July1 Received interest on the note. (No interest has been recorded since December 31.) Received principal on the note Required: Prepare the journal entries that Smart Solutions Inc. would record for the above transactions. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 4 Record the receipt of a note on July 1, 2014 for a $77,000 loan to an employee Note: Enter debits before credits Date General Journal Debit Credit Jul 01, 2014 Record entry Clear entry View general journal

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