nith Distributors has the following transactions related to notes receivable during the last two months of the year.

Dec. $1$ Loaned $$18,000$ cash to $E.$ Kinder on a $1-$year, $5\%$ note.

$16$ Sold goods to J$.$ Jones, receiving a $$4,800,60-$day, $7\%$ note.

$31$ Accrued interest revenue on all notes receivable.

purnalize the transactions for Smith Distributors. $($Credit account titles are automatically indented when the amount is entered. Do not dent manually. Use $360$ days for calculation. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

Notes Receivable

Cash

Notes Receivable

Sales Revenue

Interest Receivable