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 $21,600 cash to Manny Lopez on a 12-month, 10% note.
Dec. 11		Sold goods to Ralph Kremer, Inc., receiving a $54,000, 90-day, 8% note.
16		Received a $53,280, 180 day, 10% note in exchange for Joe Fernettis outstanding accounts receivable.
31		Accrued interest revenue on all notes receivable.

Exercise 9-10 Elburn Supply Co. has the following transactions related to notes recelvable during the last 2 months of 2017. The company does not make entries to accrue interest except at December 31. Nov. 1 Dec. 11 16 31 Loaned $21,600 cash to Manny Lopez on a 12-month, 10% note. Sold goods to Ralph Kremer, Inc., receiving a $54,000, 90-day, 8% note. Received a S53.280, 180 day, 10% note in exchange for Joe Fernett's outstanding accounts receivable. Accrued interest revenue on all notes receivable