Chapter Five Regular Homework Help Save & Exit Subm Check my work 10 1 On April 1 Year 1, a company realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting the company's business. The supplier explains that it has a temporary lock of funds that is slowing its production cycle. The company agrees to lend $470,000 to its supplier using a 12-month, 11% note. Required: 1. The loan of $470.000 and acceptance of the note receivable on April 1, Year 1. 2. The adjustment for accrued interest on December 31, Year 1. 3. Cash collection of the note and interest on April 1, Year 2 Record the above transactions for the company. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction for 000 Hin PE Journal entry worksheet 2 > Record the foon of $470,000 and acceptance of the nate recevable on April 1. Eredetto Dan General Journal De Creed Art 01 MM. 10 Record the above transactions for the company. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 1 Dots Journal entry worksheet