Question: Current Attempt in Progress Your answer is partially correct Coronado Industries has the following transactions related to notes receivable during the last 2 months of

Current Attempt in Progress Your answer is partially correct Coronado Industries 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. (Omit cost of goods sold entries.) Loaned $58,800 cash to C. Bohr on a 12-month, B%note. Dec, 11 Sold goods to K. R. Pine, Inc. receiving a $7,200, 90-day, 8% note. Dec. 16 Received a $14.400, 180-day, 6% note to settle an open account from A. Murdock Dec. 31 Accrued interest revenue on all notes receivable. Nov, 1 Journalize the transactions for Coronado Industries (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov. 1 Notes Receivable Cash Dec. 11 Notes Receivable 7200 Sales Revenue 7200
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