Question: 6. NOTES RECEIVABLE TRANSACTIONS E8.13 (LO 3) AP Video Passera Supply Co. has the following transactions: Nov. 1 Loaned $60,000 cash to A. Morgan on

6. NOTES RECEIVABLE TRANSACTIONS E8.13 (LO 3) AP Video Passera Supply Co. has the following transactions: Nov. 1 Loaned $60,000 cash to A. Morgan on a one-year, 8% note. 15 Sold goods to H. Giorgi on account for $12,000, terms n/30. The goods cost Passera $7,500. Passera uses the perpetual inventory system. Dec. 1 Sold goods to Wrightman Inc., receiving a $21,000, three-month, 6% note. The goods cost Passera $14,000. 15 H. Giorgi was unable to pay her account. Giorgi gave Passera a six-month, 7% note in settlement of her account. 31 Accrued interest revenue on all notes receivable. Interest is due at maturity. Mar. 1 Collected the amount owing on the Wrightman note. June 15 H. Giorgi defaulted on the note. Future payment is expected. Instructions Record the transactions for Passera Supply Co. Date Account Titles & Explanations Dr Cr 0-610

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