1.Record the interest accrued on the note as of June 30, 2015. 2. Record the...
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1.Record the interest accrued on the note as of June 30, 2015.
2. Record the interest accrued on the note as of December 31, 2015.
1. Record the receipt of the payment for interest for the period ending February 28, 2016.
2.Record the receipt of the payment for the principal on the notes maturity date.
Required 1. Prepare the journal entry that CSM will make when the note is established. (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 Record the receipt of a note on February 28, 2015 for a $60,000 loan to an employee Note: Enter debits before credits. Date General Journal Debit Credit Feb 28, 2015 Record entry Clear entry View general jourmal 2. Prepare the journal entries that CSM will make to accrue interest on June 30 and December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to nearest whole dollar) View transaction list Journal entry worksheet Record the interest accrued on the note as of June 30, 2015 Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2015 Required 1. Prepare the journal entry that CSM will make when the note is established. (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 Record the receipt of a note on February 28, 2015 for a $60,000 loan to an employee Note: Enter debits before credits. Date General Journal Debit Credit Feb 28, 2015 Record entry Clear entry View general jourmal 2. Prepare the journal entries that CSM will make to accrue interest on June 30 and December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to nearest whole dollar) View transaction list Journal entry worksheet Record the interest accrued on the note as of June 30, 2015 Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2015
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