Elburn Supply Co. 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 $14,400 cash to Manny Lopez on a 12-month, 10% note.

Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $31,500, 90-day, 8% note.

16 Received a $30,720, 180 day, 10% note in exchange for Joe Fernetti's outstanding accounts receivable.

31 Accrued interest revenue on all notes receivable.

Record the collection of the Lopez note at its maturity in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)