Reeves Supply Co. has the following transactions related to notes receivable during the last 2 months of 2014.

Nov. 1		Loaned $24,000 cash to Norma Jeanne on a 1-year, 11% note.
Dec. 11		Sold goods to Bob Sharbo, Inc., receiving a $66,000, 90-day, 9% note.
16		Received a $76,560, 6-month, 10% note in exchange for Richard Russo