Exercise 8-12 Pharoah Company has the following transactions related to notes receivable during the last 2 months of 2019. The company does not make entries to accrue interest except at December 31 Nov. 1 Dec. 11 16 31 Loaned $16,500 cash to Manny Lopez on a 12 month, 896 note. Sold goods to Ralph Kremer, Inc., receiving a $36,000, 90-day, 696 note. Received a $25,440, 180 day, 10% note in exchange for Joe Fernetti's outstanding accounts receivable. Accrued interest revenue on all notes receivable. Journalize the transactions for Pharoah Company (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to O decimal places, e.g. 5,275. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit Nov. 1 | Notes Receivable $16,500 Cash Dec. 11 #1 Notes Receivable $3,600 Sales Revenue $3,600 Dec. 16 Notes Receivable $25,440