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wanhoe Co. 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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wanhoe Co. 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 Dec 11 Loaned $54,000 cash to C. Bohr on a 12-month, 8% note. Sold goods to K. R. Pine, Inc., receiving a $7.200, 90-day, 9% note, Received a $12,000, 180-day, 7% note to settle an open account from A. Murdock. Accrued interest revenue on all notes receivable. 16 31 Journalize the transactions for Ivanhoe Co. (Omit cost of goods sold entries) (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. Record Journal entries in the order presented in the problem. Use 360 days for calculation) Date Account Titles and Explanation Debit Credit Nov. 1 Notes Receivable 54000 Cash 54000 Dec. 11 Notes Receivable 7200 7200 Sales Revenue 12000 Dec. 16 Notes Receivable

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