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The following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $72,000 to an employee of the company and received back a one-year, 8 percent note. b. Dec. 31 Accrued interest on the note. 2018 c. July 1 Received interest on the note. (No interest has been recorded since December 31.) d. July 1 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 transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 N 2 3 3 4 > Record the receipt of a note on July 1, 2017 for a $72,000 loan to an employee. Note: Enter debits before credits. General Journal Debit Credit Date Jul 01, 2017 View transaction list Journal entry worksheet 1 2 3 4 > Record the interest accrued on the note as of December 31, 2017. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2017 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the receipt of the interest on the note's maturity date. No interest has been recorded since December 31, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Jul 01, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 3 4 > Record the receipt of the payment for the full principal. Note: Enter debits before credits. General Journal Debit Credit Date Jul 01, 2018 Record entry Clear entry View general journal

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