Business, 28.11.2019 05:31 noobieplayerxd

The following transactions took place for smart solutions inc. 2017 a. july 1 loaned $74,000 to an employee of the company and received back a one-year, 9 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.)

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The following transactions took place for smart solutions inc. 2017 a. july 1 loaned $74,000 to an e...

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