8. Journalize the following transactions (Assume a 360-day year when calculating interest.):

Mar. 1	Received a 90-day, 10% note for $24,000, dated March 1, from Batson Co. on account.
May 30	The note of March 1 was dishonored.

9. Journalize the following transactions for Solley Company that occurred during 2011 and 2012. November 14, 2011 Received a $4,800.00, 90-day, 9% note from Alan Hibbetts in payment of his account. December 31, 2011 Accrued interest on the Hibbetts note. February 12, 2012 Received the amount due from Hibbetts on his note.

Date	Description	Post Ref	Debit	Credit