Question 26 ZYour answer has been saved and sent for grading. See Gradebook for score details. Granger Supply Corp. has the following selected transactions for notes receivable. Nov. 1 Dec. 1 15 Lent $115,000 cash to A. Bouchard on a one-year, 9% note. Sold goods to Wright, Inc., receiving a two-month, 6%, $22,500 note. The goods cost $12,600. Received a six-month, 6%, $23,700 note in exchange for an account from Aquilina Corporation. Collected the amount owing on the Wright note. Accrued interest on all notes receivable at year end. Interest is calculated to the nearest half month and is due at maturity. Analyzed each note and estimated that uncollectible notes at year end totalled $18,200. Feb. 1 28 28 ZYour answer has been saved and sent for grading. See Gradebook for score details. Granger Supply Corp. has the following selected transactions for notes receivable. Nov. 1 Dec. 1 15 Feb. 1 Lent $115,000 cash to A. Bouchard on a one year, 9% note. Sold goods to Wright, Inc., receiving a two-month, 6%, $22,500 note. The goods cost $12,600. Received a six-month, 6%, $23,700 note in exchange for an account from Aquilina Corporation. Collected the amount owing on the Wright note. Accrued interest on all notes receivable at year end. Interest is calculated to the nearest half month and is due at maturity. Analyzed each note and estimated that uncollectible notes at year end totalled $18,200. 28 28 Record the above transactions for Granger Supply Corp. (Credit account titles are automatically indented when amount is ente for the account titles and enter 0 for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Nov. 1 V Notes Receivable Credit