Raven Company completed the following selected transactions during the year: 2017 Nov. 3 Dec. 3 Sold goods on account to Jones, Inc. receiving a $22,000, 30-day, 8.5% note. (Ignore cost of goods sold) Received a partial payment from Jones, Inc. for $1,500 plus accrued interest on their November 1 promissory note. Renewed the note for 60-days at 12%. Sold equipment to Wiley Company for $31,200. Received a cash payment of $2,000 and a 7.9%, 120-day promissory note for the balance. Made the required adjusting entries. Prepared the required closing entries. 12 Dec. 31 31 2018 Jan. 1 Feb. 1 23 Mar. 13 (Date) April 23 June 22 July 15 August 5 17 Oct. 13 Made the reversing entries Collected the amount due on the Jones Inc. note in full. Sold land to Bliss Company for $125,400. Received a 90-day, 9.6% note. (Assume February has 28 days) Discounted the Bliss Company note to Lakewood Bank at 11.3%. Collected the amount due from Wiley Company in full. Loaned cash to Lear Corporation, received a 60-day, 10% note for $6,000. Lear Corporation dishonored its note at maturity. Received an $8,000, 90-day, 10% note on account from Grant Corp. Lear Corporation paid the amount due on their dishonored note in full. Discounted the Grant Corp note to Lakewood Bank at 8% Grant Corp. dishonored its note. Paid Lakewood Bank the maturity value of the note plus a $125.00 protest fee. Grant Corp. paid the total amount owed on their dishonored note in full. Nov. 28 Record the transactions in general journal form. Raven Company completed the following selected transactions during the year: 2017 Nov. 3 Dec. 3 Sold goods on account to Jones, Inc. receiving a $22,000, 30-day, 8.5% note. (Ignore cost of goods sold) Received a partial payment from Jones, Inc. for $1,500 plus accrued interest on their November 1 promissory note. Renewed the note for 60-days at 12%. Sold equipment to Wiley Company for $31,200. Received a cash payment of $2,000 and a 7.9%, 120-day promissory note for the balance. Made the required adjusting entries. Prepared the required closing entries. 12 Dec. 31 31 2018 Jan. 1 Feb. 1 23 Mar. 13 (Date) April 23 June 22 July 15 August 5 17 Oct. 13 Made the reversing entries Collected the amount due on the Jones Inc. note in full. Sold land to Bliss Company for $125,400. Received a 90-day, 9.6% note. (Assume February has 28 days) Discounted the Bliss Company note to Lakewood Bank at 11.3%. Collected the amount due from Wiley Company in full. Loaned cash to Lear Corporation, received a 60-day, 10% note for $6,000. Lear Corporation dishonored its note at maturity. Received an $8,000, 90-day, 10% note on account from Grant Corp. Lear Corporation paid the amount due on their dishonored note in full. Discounted the Grant Corp note to Lakewood Bank at 8% Grant Corp. dishonored its note. Paid Lakewood Bank the maturity value of the note plus a $125.00 protest fee. Grant Corp. paid the total amount owed on their dishonored note in full. Nov. 28 Record the transactions in general journal form