Mexico Supply Co. has the following transactions related to notes receivable during the last 2 months of 2006.

Nov. 1 Loaned $18,000 cash to Norma Hanson on a 1-year. 10% note.

Dec. 1 1 Sold goods to John Countryman, Inc., receiving a $6,750, 90-day, 8% note.

16 Received a $4,000. 6-month, 9% note in exchange for Bob Shabo's outstanding accounts receivable.

31 Accrued interest revenue on all notes receivable.

Instructions

(a) Journalize the transactions for Mexico Supply Co.

(b) Record the collection of the Hanson note at its maturity :()()!.

Journalize entries for notes hi eivable.

(SO 5, 6)

Journalize entries for dishorn oj notes ret enable.

(SO 5, 8)