E$8-11($Static$)$ Recording Notes Receivable Transactions, Including Accrual Adjustment for Interest $[$LO $83]$

The following transactions took place for Parker's Grocery.

a$.$ January $1$ Loaned $$50,000$ to cashiers of the company and received back one$-$year, $8$ percent notes.

b$.$ June $30$ Accrued interest on the notes.

c$.$ December $31$ Received interest on the notes. $($No interest has been recorded since June $30.)$

d$.$ December $31$ Received principal on the notes.

Required:

Prepare the journal entries Parker's Grocery 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.$)$

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[r,1,$January $01,$Notes Receivable,$50,000,],[3,,$Cash,,$50,000],[\sqrt[\phantom{2}]{25},,,,],[r,2,$June $30,$Accounts Receivable,$4,000,1],[85,,$Interest Revenue,,$4,000],[,,\sqrt[\phantom{2}]{x},,],[$l$,3,$December $31,$Cash,,$],[+,,$Accounts Receivable,,$],[$B$,$T$,,,],[-,4,$December $31,$Cash,$50,000,],[,\sqrt[\phantom{2}]{10},$Notes Receivable,,$50,000]]$