Question: 1 66 awarded pred Brief Exercise 5-18 (Algo) Record notes receivable and interest (LO5-7) On October 1, 2024, Ogneva Corporation loans one of its

1 66 awarded pred Brief Exercise 5-18 (Algo) Record notes receivable and interest (LO5-7) On October 1, 2024, Ogneva Corporation loans one of its employees $43,400 and accepts a 12-month, 8% note receivable. Required: Record (a) lending of $43,400 cash to an employee on October 1, 2024, (b) the adjusting entry for interest on December 31, 2024, and (c) collection of cash for the note and interest on October 1, 2025. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 3,255 3,255 No Date General Journal ook 1 October 01, 2024 Notes Receivable Debit 43,400 Credit Cash 43,400 rences 2 December 31, 202 Interest Receivable Interest Revenue 3 October 01, 2025 Cash Interest Revenue Interest Receivable Notes Receivable 00 0000 47,740 1,085 3,255 43,400

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