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Skysong, Inc. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to

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Skysong, Inc. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $78,000 cash to C. Bohr on a 12-month, 10% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $3,600,90-day, 7% note. (Omit cost of goods sold entries.) 16 Received a $10,800, 180-day, 8% note to settle an open account from A. Murdock, 31 Accrued interest revenue on all notes receivable, places, eg. 5,275. Record journal entries in the Questi Accounti Debit Credit Date Account Titles and Explanation 78,000 Nov. 1 Notes Receivable Questi Accountin 78000 Cash 3.600 Viewin Questi Account Dec. 11 Notes Receivable 3.600 Sales Revenue 10,800 Questi Accounti Dec. 16 Notes Receivable 10.800 Accounts Receivable 8,916 Quest Account Dec 31 Interest Receivable 8.916 Interest Revenue

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