Record the following transactions in the journal of Coral Supplies, which ends its accounting year on November 30 Oct 1 Lent $102,000 cash to Jed Shyne on a one year, 10 percent note Nov 3 Sold goods to Highwater Inc , receiving a 100-day, 8 percent note for $5,500 00 Cost of the goods was $2,600 Coral uses a perpetual inventory system 16 Received a $2 800 six-month, 85 percent note on account from TJO Inc when the receivable for that amount could not be paid on time 30 Accrued interest revenue on all notes receivable Hint Recall that you divide by days or months depending on the terms of the note Incorrect Oct 1 Lent $102,000 cash to Jed Shyne on a one-year, 10 percent note (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Oct 1 102.000 Note Receivable - Jed Shyne 102 000 Cash Nov 3 Sold goods to Highwater Inc receiving a 100-day 8 percent note for $5,500 00 Cost of the goods was $2 600 Coral uses a perpetual inventory system Begin with the sale on the note receivable Journal Entry Debit Credit Date Accounts 5 500 00 Nov 3 Note Receivable - Highwater in Nov 3 Sold goods to Highwater Inc , receiving a 100-day, 8 percent note for $5,500 00 Cost of the goods was $2,600 Coral uses a perpetual inventory system Begin with the sale on the note receivable Journal Entry Date Accounts Debit Credit Nov 3 Note Receivable - Highwater Inc 5,500 00 Sales Revenue 5,500 00 Now, record the cost of goods sold associated with the sale on November 3 Journal Entry Date Accounts Debit Credit Nov 3 Cost of Goods Sold 2 600 Check answer Calculator Clear all Help me solve this Ask my instructor Now, record the cost of goods sold associated with the sale on November 3 Journal Entry Date Accounts Debit Credit Nov 3 Cost of Goods Sold 2,600 Inventory 2,600 Nov 16 Received a $2 800 six-month, 8 5 percent note on account from TJO Inc when the receivable for that amount could not be paid on time Journal Entry Date Accounts Debit Credit Nov 16 Note Receivable - TJO 2.800 Account Receivable 2.800 Clear all Check ansu Help me solve this Calculator Ask my instructor Nov 16 Received a $2,800 six-month, 8 5 percent note on account from TJO Inc when the receivable for that amount could not be paid on time Journal Entry Date Accounts Debit Credit Nov 16 Note Receivable - TJO 2,800 Account Receivable 2,800 Nov 30 Accrued interest revenue on all notes receivable Accrue the interest revenue on all notes in one entry (Round your answers to the nearest cent. Compute the interest for TJO's assuming that 1/2 month has expired.) Journal Entry Date Accounts Debit Credit Calculator Help me solve this Ask my instructor Clear all Check answer B . Nov 10 Note Receivable - IJU 2,OUV Account Receivable 2,800 Nov 30 Accrued interest revenue on all notes receivable Accrue the interest revenue on all notes in one entry (Round your answers to the nearest cent. Compute the interest for TJO's assuming that 112 month has expired.) Journal Entry Date Accounts Debit Credit Nov Calculator Help me solve this Ask my instructor Clear all Check