journal entries The following transactions took place for Parker's Grocery a. Jan....
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Accounting
journal entries
The following transactions took place for Parker's Grocery a. Jan. 1 Loaned $56, e to a cashier of the company and received back a one-year, 8 percent note. b. June 3e Accrued interest on the note. c. Dec. 31 Received interest on the note. (No interest has been recorded since June 30.) d. Dec. 31 Received principal on the note. Required: Prepare the journal entries that Parker's Grocery would record for the above transactions. (If no entry is required for transaction/event, select "No Journal Entry Required in the first account field.) View transaction ist Journal entry worksheet Record the receipt of a note on January 1 for a $56,000 loan to an employed rotetor debits before credits Credit Date Jan 01 General Journal Notes Receivable Debit 50.000 58.000 DEV CE VIDEO
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