Lilley & Taylor, CPAs completed the following selected transactions:

20X7

Oct. 31 Performed service for Lifeway Catholic School, receiving a $30,000, 3-month, 8% note.

Dec. 31 Made an adjusting entry to accrue interest on the Lifeway note.

20X8

Jan. 31 Collected the Lifeway note.

Feb. 18 Received a 90-day, 10%, $10,000 note from Fishbowl, Inc., on account.

19 Sold the Fishbowl note to First State Bank, receiving cash of $9,700.

Nov. 11 Loaned $20,000 cash to Diaz Insurance Agency, receiving a 90-day, 9% note.

Dec. 31 Accrued the interest on the Diaz note.

Required

Record the transactions in Lilley & Taylor's journal. Round all amounts to the nearest dollar. Explanations are not required.