Journalise entries for notes receivable Transactions E9.12 (LO 3) Elburn 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. 1 Leaned $30,000 cash to Manny Lopez on a 12 month, 10% note Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a 56,750, 90-day, 8% note. 16 Received a $4,000, 180 day, 9% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. Instructions .. Journalize the transactions for Elburn Supply Co. (Ignore entries for cost of goods sold.) 1. Record the collection of the Lopez mote at its maturity in 2021