Pharoah Supply Co. has the following transactions: Nov. 1 Loaned $69,600 cash to A. Morgan on a one-year, 9% note. 15 Sold goods to H. Giorgi on account for $12,000, terms n/30. The goods cost Pharoah $7,500. Pharoah uses the perpetual inventory system. Dec. 1 Sold goods to Wrightman Inc., receiving a $21,600, three-month, 7% note. The goods cost Pharoah $14,400. 15 H. Giorgi was unable to pay her account. Giorgi gave Pharoah a six-month, 8% note in settlement of her account. 31 Accrued interest revenue on all notes receivable. Interest is due at maturity. Mar. 1 Collected the amount owing on the Wrightman note. June 15 H. Giorgi defaulted on the note. Future payment is expected. Date Account Titles Debit Credit (To record sales on account.) (To record cost of goods sold.) (To record sales in exchange for a note receivable.) (To record cost of goods sold.)