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Metlock Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. Nov. 1 Loaned $ 19,200 cash to
Metlock Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. Nov. 1 Loaned $ 19,200 cash to Soozie Takham on a 1-year, 10% note. Dec. 11 Sold goods to Joe Trater, Inc., receiving a $8,550, 90-day, 8% note. Dec. 16 Received a $ 5,760, 6-month, 9% note in exchange for Boba Fett's outstanding accounts receivable. Dec. 31 Accrued interest revenue on all notes receivable. (a) Journalize the above transactions for Metlock Supply Co. (Round interest revenue to decimal place, eg. 591. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Use 360 days for calculation)
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