Nov. 1 Dec. 11 (a) 16 31 Date Loaned $30,000 cash to Logan Ransey on a 1-year, 10% note. Sold goods to be Joe Noland, Inc., receiving a $9,000, 90-day, 8% note. Received a $4,000, 6-month, 9% note in exchange for Jane Brock's outstanding accounts receivable. Accrued interest revenue on all notes receivable. Your answer is correct. Journalize the above transactions for Presley Supply Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round interest to the nearest dollar.) Nov. 1 Account Titles and Explanation Notes Receivable Cash Debit 30,000 Credit 30,000

Nov. 1 Loaned $30,000 cash to Logan Ransey on a 1-year, 10% note. Dec. 11 Sold goods to be Joe Noland, Inc., receiving a $9,000,90-day, 8% note. 16 Received a $4,000,6-month, 9% note in exchange for Jane Brock's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. (a) Journalize the above transactions for Presley Supply Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round interest to the nearest dollar.) Record the collection of the Ransey note at its maturity in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)