PROBLEM SEVEN -NOTES RECEIVABLE 10 points 4 JOURNAL ENTRIES 6 PROBLEM SEVEN - NOTES RECEIVABLE 7 GENERAL JOURNAL ACCOUNT TITLE 58 DATE 59 2021 70 Grigor Supply Company has the following notes receivable transactions during the last 71 4 months of the year. 172 2021 173 1-Sep Loaned cash to Fred Ford on a one-year 10% note 6,000 174 1-Oct Sold goods to Nason Corp. receiving an 6%, 90 day note 1,000 175 16-Dec Received a 6 month, 4% note in exchange for Ann Hall's outstanding accounts receivable 3,000 176 31-Dec Accrued interest on all the notes receivable. 177 178 INSTRUCTIONS: Prepare the journal entries to record the above transactions and adjustments. 179 180 181 OPTIONAL EXTRA 2 POINTS 182 183 Prepare the journal entry to record the receipt of payment for the September 1 note receviable on September 1, 2022. 184 BLOC Shoot1 Sheet2 | Sheet3