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Question 4 of 5 1.5/2 E View Policies Show Attempt History Current Attempt in Progress Wildhorse Supply Co. has the following transactions related to notes

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Question 4 of 5 1.5/2 E View Policies Show Attempt History Current Attempt in Progress Wildhorse Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31. Nov. 1 Dec 11 Loaned $ 18,750 cash to Manny Lopez on a 12-month. 8% note. Sold goods to Ralph Kremer, Inc., receiving a $36,000, 90-day, 6% note. Received a $ 25,200, 180 day, 10% note in exchange for Joe Fernett's outstanding accounts receivable. Accrued interest revenue on all notes receivable. 16 31 (a) a Your own Correct Answertused Question 4 of 5 > 15/2 20.68 3D REC Your answer is correct Journalize the transactions for Wildhorse Supply Co. llgnore entries for cost of goods sold)(Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to O decimal places. e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov 1 : Notes Shot 104 PM Dec 11 : Noun Roivos 36000 Dec. 16 33200 25300 Dec 31 Question 4 of 5 15/2 20_68 MEC Der 11 Hot DECO ents Der. 16 Notes 35200 Account Revale het DOLPM Dec 31 Internecie A7 e Textbook and Media Solution List of Accounts Attempts: 4 of 4 used (b) Your answer is partially correct. Record the collection of the Lopez note at its maturity in 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation) Date Account Titles and Explanation Debit Credit Nov. 1 Cash 11200 In Rocolvable 200 Interest Revenue 1000 Notes Receivable 10000 e Textbook and Media

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