Question: Exercise 8-10 2 Your answer is partially correct. Try again Coronado Industries has the following transactions related to notes receivable during the last 2 months

Exercise 8-10 2 Your answer is partially correct. Try again 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.) Nov. 1 Loaned $58,800 ash to c. Bohr on a 12-month, 8% 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 Ar Murdoch. Dec. 31 Accrued interest revenue on all notes receivable. 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 Tites and Explanation Nov. 1 Notes Receivable 8800 Cash 58800 Dec. 11 Notes Receivable Sales Revenue Dec. 16 Notes Receivable 7200 14400 Accounts Receivable Dec. 31 interest Receivable Interest Revenue Click if you would like to Show Work for this question: Qae Sho ed

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