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Sunland Company has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue

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Sunland Company has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $13,800 cash to Manny Lopez on a 12 month, 10% note. Dec. 11 Sold goods to Ralph Kremer, Inc. receiving a $24.750, 90-day, 8% note. 16 Received a $19,600, 180 day, 12% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. - Your answer is partially correct. Journalize the transactions for Sunland Company (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to decimal places, e.. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov. 1 + Notes Receivable 13800 Cash 13800 Dec 11 Notes Receivable 24750 Sales Revenue 24750 Dec. 16 Notes Receivable 19600 Accounts Receivable 19600 Accounts Receivable 19800 Dec. 31 Interest Receivable 493 Interest Revenue 493 e Textbook and Media List of Accounts - Your answer is partially correct. Record the collection of the Lopez note at its maturity in 2021. (Credit account titles are automatically indented when amount is entered. Do non manually) Date Account Titles and Explanation Debit Credit Dec. 31 | Cash 61201 Interest Receivable 493 Notes Receivable 58150 Interest Revenue 2558

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