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Exercise 9-12 a-b Marigold Supply Co, has the following transactions related to notes receivable during the last 2 months of 2020. The company does not

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Exercise 9-12 a-b Marigold Supply Co, has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31 Nov. I Loaned $17,250 cash to Manny Lopez on a 12-month, 8% note. Sold goods to Ralph Kremer, Inc., receiving a $30,000, 90-day, 6% note. Dec. 11 Received a $20,160, 180 day, 10% note in exchange for Joe Fernetti's outstanding accounts receivable. Accrued interest revenue on all notes receivable 16 ournalize the transactions for Marigold Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g 5,275. Record journal entries in the order presented in the problem.) 7250 nerest Revenue Record the collection of the Lopez note at its maturity in 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation.) Inberest Revenue Click you would like to Show work for this question. Omsomnork Question Attempts: 0 of S usedsVE FOR LATER

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