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 $23,500 cash to Manny Lopez on a 12-month, 12% note.
Dec. 11		Sold goods to Ralph Kremer, Inc., receiving a $61,200, 90-day, 10% note.
16		Received a $97,200, 180 day, 8% note in exchange for Joe Fernettis outstanding accounts receivable.
31		Accrued interest revenue on all notes receivable.