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question 20 Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2017. The company does not make

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question 20 Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2017. The company does not make entries to accrue interest except at December 31. Nov. 1 Dec. 11 16 31 Loaned $18,500 cash to Manny Lopez on a 12-month, 12% note Sold goods to Ralph Kremer, Inc., receiving a $45,000, 90-day, 10% note Received a 547,600, 180 day, 12% note in exchange for Joe Femetti's outstanding accounts receivable Accrued interest revenue on all notes receivable. Journalize the transactions for Llbum Supply Co. (Credit account titles are automatically Indented when amount i ntered. Do not indent manually. Use 360 days for calculation. Round answers to decimal places, 9.5,275. Record fournal entries in the order presented in the problem.) Dat and Explanation Debit Record the collection of the Lopez note at its maturity in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit

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