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Swifty Sucoly Co has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to

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Swifty Sucoly Co 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 $30.000 cash to Manny Lopez on a 12-month 10% note. Dec 11 Sold goods to Ralph Kremer, Inc., receiving a $85.500, 90-day, 8% note. Received a $87840, 180 day 10% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. 16 Debit Account Titles and Explanation Date Credit Nov. 1 Cash Interest Receivable Notes Receivable Interest Revenue

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