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Question 2 Oriole Supply Co. has the following transactions: PRINTER VERS Nov. 1 Loaned $63,000 cash to A. Morgan on a one-year, 9% note. 15

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Question 2 Oriole Supply Co. has the following transactions: PRINTER VERS Nov. 1 Loaned $63,000 cash to A. Morgan on a one-year, 9% note. 15 Sold goods to H. Giorgi on account for $13,400, terms /30. The goods cost Oriole $8,375. Oriole uses the perpetual inventory system. Dec. 1 Sold goods to Wrightman, Inc., receiving a $23,450, three month, 7% note. The goods cost Oriole $15,633. 15 H. Giorgi was unable to pay her account. Giorgi gave Orlole 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. Gorg defaulted on the note. Future payment is expected. Record the transactions for Oriole Supply Co. (Round answers to o decimal places, e.g. 5,275. Credit account titles are automatically Indented when the Is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter"0" for the amounts. Record journale the order presented in the problem.) Date Nov. 1 Account Titles and Explanation Accounts Receivable - Morgan Debit Credit 63000 Cash Nov. 15 Accounts Receivable - Giorgi 63000 13400 Sales (To record sale of merchandise on account) Cost of Goods Sold 13400 Nov. 15 Merchandise Inventory (to record cost of merchandise sold) Not Receivable Wrightman Dec 1 8375 to record cost of merchandise soia) Dec. 1 Notes Receivable - Wrightman 23450 Sales 23450 (To record sale) Dec. 1 4 Cost of Goods Sold 15633 15633 Merchandise Inventory (To record cost of merchandise sold) Dec. 15 . Notes Receivable - Giorgi 13400 Accounts Receivable - Giorgi 13400 Dec. 31 Interest Receivable Mar. 1 Interest Revenue Cash Notes Receivable - Wrightman Interest Receivable Interest Revenue June 15 Accounts Receivable - Giorgi . Notes Receivable - Giorgi Interest Receivable Interest Revenue to record cost of merchandise soia) Dec. 1 Notes Receivable - Wrightman 23450 Sales 23450 (To record sale) Dec. 1 Cost of Goods Sold 15633 15633 Merchandise Inventory (To record cost of merchandise sold) Notes Receivable - Giorgi Dec. 15 - 13400 Accounts Receivable - Giorgi 13400 Dec. 31 Interest Receivable Mar. 1 Interest Revenue Cash Notes Receivable - Wrightman Interest Receivable Interest Revenue June 15 Accounts Receivable - Giorgi . Notes Receivable - Giorgi Interest Receivable Interest Revenue

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