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Question 2: Great Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. Nov. 1 Loaned
Question 2: Great Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. Nov. 1 Loaned $75,000 cash to B. Benson on a 1-year, 8% note. Dec. 11 Sold goods to Roswell, Inc., receiving a \$9,000, 90-day, 7\% note. (Omit cost of goods sold entries.) 16 Received a $20,000, 6-month, 9% note to settle an open account from M. Ling. 31 Accrued interest revenue on all notes receivable. Instructions: Journalize the transactions for Great Plains Supply Co
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