Exercise 8-10 Sunland Supply Co. has the following transactions: Loaned $65,000 cash to A. Morgan on a one-year, 7% note. Sold goods to H. Giorgi on account for $12,600, terms n/30. The goods cost Sunland $7,875. Sunland uses the perpetual inventory system Sold goods to Wrightman, Inc., receiving a $22,050, three-month, 5% note. The goods cost Sunland $14,700. H. Giorgi was unable to pay her account. Giorgi gave Sunland a six-month, 6% note in settlement of her account. Nov. 1 15 Dec. 1 15 31 Accrued interest revenue on all notes receivable. Interest is due at maturity Mar. 1 Collected the amount owing on the Wrightman note. une 15 H. Giorgi defaulted on the note. Future payment is expected Record the transactions for Sunland Supply Co. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter "O" for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Credit Accounts Receivable Morgan Accounts Receivable Giorgi Cash Cost of Goods Sold Interest Receivable Interest Revenue Merchandise Inventory Notes Receivable Morgan Notes Receivable Wrightman Notes Receivable Giorgi No Entry ount) (To record cost of merchandise sold To record sale)