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Green Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. Nov. 1 Loaned $60,000 cash
Green Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. Nov. 1 Loaned $60,000 cash to B. Younger on a 1-year, 8% note. Dec. 11 Sold goods to R. P. Meier, Inc., receiving a $3,600, 90-day, 7% note. Dec. 16 Received an $12,000, 6-month, 9% note to settle an open account from M. Chen. Dec. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Green Plains Supply Co. Date Account/Description Debit Credit Nov. 1 Dec. 11 Dec. 16 Dec. 31
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