PB 13. LO 9.6 Record journal entries for the following transactions of Graphics & Signs. Jan. 1, 2018 Dec. 31, 2018 Dec. 31, 2019 Dec. 31, 2020 Issued a $248,400 note to customer Elliott Thompson as terms of a merchandise sale. The merchandise's cost to Graphics & Signs is $99,500. Note contract terms included a 36-month maturity date, and a 4.3% annual interest rate. Graphics & Signs records interest accumulated for 2018. Graphics & Signs records interest accumulated for 2019. Elliott Thompson honors the note and pays in full with cash.

PB 13. LO 9.6 Record journal entries for the following transactions of Graphics \& Signs