journalize the transactions for metlock, inc.

*Exercise 8-12 (Part Level Submission) Metlock, Inc. 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 Loaned $18,500 cash to Manny Lopez on a 12 month, 12% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $45,000, 90-day, 10% note. (Omit cost of goods sold entries.) 16 Received a $47,600, 180 day, 12% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. al Journalize the transactions for Metlock, Inc. (Credit account titles are automatically indented wh intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal pla Date Account Titles and Explanation Debit Credit Nov. 1 Notes Receivable 18500 Cash 18500 Dec. 11 4 Notes Receivable 45000 Sales Revenue 45000 Dec. 16. Notes Receivable 47600 Accounts Receivable 47600 Dec. 31 Interest Receivable Interest Revenue