Exercise 8-10 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 Dec. 11 16 31 Loaned $25,200 cash to Manny Lopez on a 12-month, 10% note Sold goods to Ralph Kremer, Inc., receiving a $65,250, 90-day, 8% note Received a $65,280, 180 day, 10% note in exchange for Joe Fernett's outstanding accounts receivable Accrued interest revenue on all notes receivable