Journalize the transactions

Gore Food Supply Co. has the following transactions related to notes receivable during the last two months of the year.

Nov. 1 Loaned $18,000 cash to Sally Morgan Restaurant on a one-year, 10 percent note

Dec. 11 Sold goods to Adams BBQ receiving a $6,000, 90-day, 12 percent note

16 Received a $4,000, 180-day, 12% note on account from Prentice Bakery

31 Accrued interest revenue on all notes receivable

Journalize the transactions for Gore Food Supply Co.

Solution:

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