Recording notes receivable and accruing interest revenue Nov. 30 Interest Revenue, $310.02 E9-10 Record the following transactions in the journal of Seaview Supplies, which ends its accounting year on November 30: Oct. 1 Nov. 3 Lent $88,000 cash to Joe Lazarus on a one-year, 2 percent note. 16 30 Sold goods to Highwater Inc., receiving a 100-day, 4 percent note for $3,162.50. Cost of the goods was $2,000.00. Seaview uses a perpetual inventory system. Received a $2,200, six-month, 8 percent note on account from STM Inc. when the receivable for that amount could not be paid on time. Accrued interest revenue on all notes receivable. Hint: Recall that you divide by days or months depending on the terms of the note.