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To attract retailers to its shopping center, the Marketplace Mall lend money to tenants under...

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Accounting

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To attract retailers to its shopping center, the Marketplace Mall lend money to tenants under formal contracts provided that they use it to renovate their store space. On November 1, 2014, the company loaned $84,000 to a new tenant on a one-year note with a stated annual interest rate of 8 percent. Interest is to be received by Marketplace Mall on April 30, 2015, and at maturity on October 31, 2015 Required Prepare journal entries that Marketplace Mall would record related to this note on the following dates: (a) November 1, 2014; (b) December 31, 2014 (Marketplace Mall's fiscal year-end); (c) April 30, 2015; and (d) October 31, 2015. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the receipt of a note on November 1, 2014 for a $84,000 loan to a new tenant Note: Enter debits before credits General Journal Debit Credit Nov 01, 2014

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