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Nov. 1 Loaned $26,667cash to Norma Jeanne on a1-year,9% note. Dec. 11 Sold goods to Bob Sharbo, Inc., receiving a $74,571,90-day,7% note. 16 Received a

Nov. 1 Loaned $26,667cash to Norma Jeanne on a1-year,9% note.
Dec. 11 Sold goods to Bob Sharbo, Inc., receiving a $74,571,90-day,7% note.
16 Received a $44,640,6-month,15% note in exchange for Richard Russos outstanding accounts receivable.
31 Accrued interest revenue on all notes receivable.

(a)Journalize the transactions for Reeves Supply Co.(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.)

Date Account Titles and Explanation Debit Credit
Nov. 1Dec. 11Dec. 16Dec. 31
Nov. 1Dec. 11Dec. 16Dec. 31
Nov. 1Dec. 11Dec. 16Dec. 31
Nov. 1Dec. 11Dec. 16Dec. 31

(b)Record the collection of the Jeanne note at its maturity in 2015.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.)

Date Account Titles and Explanation Debit Credit
Nov. 1Dec. 11Dec. 16Dec. 31

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