Question: What would this Journal entry look like? The following transactions took place for Parker's Grocery. a. b. c. d. January 1 June 30 December 31

What would this Journal entry look like?

The following transactions took place for Parker's Grocery. a. b. c. d. January 1 June 30 December 31 December 31 Loaned $44,000 to cashiers of the company and received back oneyear, 10 percent notes. Accrued interest on the notes. Received interest on the notes. (No interest has been recorded since June 30.) Received principal on the notes. Required: Prepare the journal entries that 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.)

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