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7 of 10 View Policies < > 3.86/4 Show Attempt History Current Attempt in Progress Cheyenne Supply Co. has the following transactions related to notes

7 of 10 View Policies < > 3.86/4 Show Attempt History Current Attempt in Progress Cheyenne Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $16,000 cash to Manny Lopez on a 12 month, 12% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $36,000, 90-day, 10% note. 16 Received a $37,200, 180 day, 12% note to settle an open account from Joe Fernetti. 31 Accrued interest revenue on all notes receivable. (a) Your answer is partially correct. Journalize the transactions for Cheyenne Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to O decimal Question 7 of 10 < > Cash Notes Receivable Sales Revenue Notes Receivable Accounts Receivable Interest Receivable Interest Revenue eTextbook and Media eTextbook List of Accounts 36000 37200 320 3.86/4 16000 36000 37200 320 Assistance Used

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