PROBLEM SEVEN NOTES RECEIVABLE 4 JOURNAL ENTRIES 10 points PROBLEM SEVEN-NOTES RECEIVABLE 4 JOURNAL ENTRIES Grigor Supply Company has the following notes receivable transactions during the last 4 months of the year. GENERAL JOURNAL DATE ACCOUNT TITLE 2020 1-5ep Loaned cash to Fred Ford on a one-year 10% note 6,000 2020 1-Oct Sold goods to Nason Corp. receiving an 6%, 90 day note 2,000 16-Dec Received a 6 month, 4% note in exchange for Ann Hall's dtstanding accounts receivable 3,000 31-Dec Accrued interest on all the notes receivable INSTRUCTIONS: Prepare the journal entries to record the above transactions and adjustments. OPTIONAL EXTRA 2 POINTS PREPARE THE JOURNAL ENTRY FOR THE RECEIPT OF PAYMENT FOR THE Sept-1 NOTE Debit Credit 008