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(ACCT 2100 & 2110O Elburn Supply Co. has the entries to accrue interest except at December 31 Dec. 11 16 31 Sold goods to Ralph

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(ACCT 2100 & 2110O Elburn Supply Co. has the entries to accrue interest except at December 31 Dec. 11 16 31 Sold goods to Ralph Kremer, Inc., receiving a $74,250, 90-day, 8% note. Received a $95,400, 180 day, 8% note in exchange for Joe Fernetti's outstanding accounts receivable Accrued interest revenue on all notes receivable. Credit account bitles are automatically indented when ou indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g.5,275. Record journal entries in the order presented in the problemJ Cash 74,250 74,250 95,400

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