Reeves Supply Co. has the following transactions related to notes receivable during the last 2 months of

Question:

Reeves Supply Co. has the following transactions related to notes receivable during the last 2 months of 2014.
Nov. 1 Loaned $15,000 cash to Norma Jeanne on a 1-year, 9% note.
Dec. 11 Sold goods to Bob Sharbo, Inc., receiving a $6,750, 90-day, 8% note.
16 Received a $4,400, 6-month, 12% note in exchange for Richard Russo's outstanding accounts receivable.
31 Accrued interest revenue on all notes receivable.

Instructions
(a) Journalize the transactions for Reeves Supply Co.
(b) Record the collection of the Jeanne note at its in 2015.

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...