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Question 11 of 12

Question 11 of 12 View Policies Current Attempt in Progress Metlock, Inc. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. Nov. 1 Dec. 11 16 31 Loaned $72,000 cash to C. Bohr on a 12-month, 11% note. Sold goods to K. R. Pine, Inc., receiving a $3,600, 90-day, 7% note. (Omit cost of goods sold entries.) Received a $10,800, 180-day, 8% note to settle an open account from A. Murdock. Accrued interest revenue on all notes receivable. Journalize the transactions for Metlock, Inc. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.)