Question 3 View Policies Current Attempt in Progress **/4 Sheridan Supply Co. has the following transactions: Nov. 1 Loaned $67,200 cash to A. Morgan on a one-year, 8% note. Sold goods to H. Giorgi on account for $14.400, terms n/30. The goods cost Sheridan $9.000. Sheridan uses the perpetual inventory system Dec. 1 Sold goods to Wrightman, Inc., receiving a $22,800, three month, 6% note. The goods cost Sheridan $15,200. 15 H. Giorgi was unable to pay her account. Giorgi gave Sheridan a six-month, 7% note in settlement of her account. 31 Accrued interest revenue on all notes receivable. Interest is due at maturity. Mar. 1 Collected the amount owing on the Wrightman note. June H. Giorgi defaulted on the note. Future payment is expected. Record the transactions for Sheridan Supply Co. Sheridan Supply Co. has no stated return policy. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter "O" for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Lend cash in exchange for a note.)