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Hec. 11 tlock, Inc. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make en

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Hec. 11 tlock, Inc. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make en les to score interest rettember 31 Nov. 1 Loaned $18,500 cash to Manny Lopez on a 12 month, 12% note. Sold goods to Ralph Kremer, Inc., receiving a $45,000, 90-day, 10% note. 16 Received a $47,600, 180 day, 12% note in exchange for Joe Femettr's outstanding accounts receivable 31 Accrued interest revenue on all notes receivable. ournalize the transactions for Metlock, Inc. (Credit account titles are automatically indented when amount is entered. Do not indent may the 160 days for a o decimal places, 9. 5,275. Record journal entries in the order presented in the problem.) Account Titles and Explanation Det Credit Nov. 1 Notes Receivable 18500 Cash 18500 45000 Dec. 11 Notes Receivable 45000 Sales Revenue 47600 Dec. 16 Notes Receivable 7600 Accounts Receivable Dec. 31 Interest Receivable Interest Revenue Record the collection of the Lopez note its matunity in 2021. (Credit account bites are automatically invented when entend to Date ACC Titles and Explanation Debut Nov 1C Not Receivable 1500 Interest Revenue Interest Receivable

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