Question: E8-10. Prepare entries for notes receivable transactions. Moses Supply Co. has the following transactions related to notes receivable during the last 2 mont the year.

E8-10. Prepare entries for notes receivable transactions. Moses Supply Co. has

E8-10. Prepare entries for notes receivable transactions. Moses Supply Co. has the following transactions related to notes receivable during the last 2 mont the year. The company does not make entries to accrue interest except at D ecember 31. Nov. 1 Dec. 11 16 Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Sold goods to K. R. Pine, Inc, receiving a $3,600, 90-day, 896 note. Received a $12,000, 180-day, 9% note to settle an open account from A. Murdock. 31 Acrued interest rvable Instructions Journalize the transactions for Moses Supply Co. (Omit cost of goods sold entries) E8-11. Journalize notes receivable transactions. These transactions took place for Bramson Co. 2016 Received a $5,000, 12-month, 6% note in exchange for an outstanding account receivable from R. Stoney. May 1 Dec. Accrued interest revenue on the R. Stoney note. 31 2017 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2016) May 1 Instructions Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31

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