Sandhill Supply Co. has the following transactions: Nov. 1 15 Dec. 1 Loaned $63,600 cash to A. Morgan on a one-year, 8% note. Sold goods to H. Giorgi on account for $14,400, terms n/30. The goods cost Sandhill $9,000. Sandhill uses the perpetual inventory system. Sold goods to Wrightman, Inc., receiving a $22,800, three-month, 6% note. The goods cost Sandhill $15,200. H. Giorgi was unable to pay her account. Giorgi gave Sandhill a six-month, 7% note in settlement of her account. Accrued interest revenu enue on all notes receivable. Interest is due at maturity. Collected the amount owing on the Wrightman note. 15 31 Mar. 1 June 15 H. Giorgi defaulted on the note. Future payment is expected. Record the transactions for Sandhill Supply Co. Sandhill Supply Co. has no stated return policy. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter "O" for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Accounts Receivable - Morgan Accounts Receivable - Giorgi Cash Cost of Goods Sold Interest Receivable Interest Revenue Merchandise Inventory Notes Receivable - Morgan Notes Receivable - Wrightman Notes Receivable - Giorgi No Entry Sales (To record cost of goods sold.) (To record sales in exchange for a note receivable.) (To record cost of goods sold.) (Accept note for accounts receivable.) (Accrue interest earned.)