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The following transactions took place for Parkell's Grocery. Jan. 1 Loaned $64,000 to a company...

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The following transactions took place for Parkell's Grocery. Jan. 1 Loaned $64,000 to a company cashier and received back a one-year, 8 percent note. June 30 Accrued interest on the note. Dec. 31 Received interest and principal on the note. (No interest has been recorded since June 30.) Required: Prepare the journal entries that Parkell's Grocery 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.) View transaction list Journal entry worksheet

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