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Sheridan Supply Co has the following transactions: Nov 1 15 Dec 1 15 31 Mar. 1 June 15 Loaned $67,200 cash to A. Morgan on

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Sheridan Supply Co has the following transactions: Nov 1 15 Dec 1 15 31 Mar. 1 June 15 Loaned $67,200 cash to A. Morgan on a one-year, 8% note Sold goods to H. Giorgi on account for $14.400, terms 1/30. The goods cost Sheridan $9,000. Sheridan uses the perpetual inventory system Sold goods to Wrightman, Inc, receiving a $22,800, three-month 6% note. The goods cost Sheridan $15.200 H. Giorgi was unable to pay her account. Giorgi gave Sheridan a six-month 7% note in settlement of her account Accrued interest revenue on all notes receivable. Interest is due at maturity. Collected the amount owing on the Wrightman note H. Giorgi defaulted on the note. Future payment is expected. Record the transactions for Sheridan Supply Co. Sheridan 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 V V Lend cash in exchange for a note) v > To record sales on account) > (To record collection of note recelvable and interest.)

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