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View Policies Show Attempt History Current Attempt in Progress Vaughn Supply Co. has the following transactions related to notes receivable during the last 2 months

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View Policies Show Attempt History Current Attempt in Progress Vaughn Supply 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 Dec. 11 Loaned $ 12,600 cash to Manny Lopez on a 12-month, 10% note. Sold goods to Ralph Kremer, Inc., receiving a $24.750, 90-day, 8% note, Received a $ 22,800, 180 day, 10% note in exchange for Joe Fernetti's outstanding accounts receivable. Accrued interest revenue on all notes receivable. 16 31 (b) Record the collection of the Lopez note at its maturity in 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation) Date Account Titles and Explanation Debit Credit Nov. 1 e Textbook and Media List of Accounts

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