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E8-10 Reeves Supply plc has the following transactions related to notes receivable during the last 2 months of 2017. The company does not make entries

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E8-10 Reeves Supply plc has the following transactions related to notes receivable during the last 2 months of 2017. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned 15,000 cash to Norma Jeanne on a 12-month, 9% note. Dec. 11 Sold goods to Bob Sharbo, receiving a 6,750, 90-day, 8% note. 16 Received a 4,400, 180-day, 12% note in exchange for Richard Russo's outstanding accounts receivable. Instructions (a) Journalize the transactions for Reeves Supply. (b) Record the collection of the Jeanne note at its maturity in 2018

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