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11:20 X = Q Aa E9.12 (LO 3) Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months

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11:20 X = Q Aa E9.12 (LO 3) Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31. Journalize entries for notes receivable transactions. Nov. Loaned $30,000 cash 1 to Manny Lopez on a 12 month, 10% note. Dec. Sold goods to Ralph Kremer, Inc., receiving a $6,750, 90-day, 8% 11 note. 16 Received a $4,000, 180 day, 9% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. Instructions 9-32 of 1404

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