Question 3 View Policies Current Attempt in Progress Oriole Supply Co. has the following transactions: Nov. 1 Loaned $64,800 cash to A Morgan on a one-year, 9% note Sold goods to H. Giorgi on account for $12,000, terms n/30. The goods cost Oriole $7,500. Oriole uses the perpetual inventory system. Dec. 1 Sold goods to Wrightman, Inc., receiving a $21,600, three month, 7% note. The goods cost Oriole $14,400. 15 H. Giorgi was unable to pay her account. Giorgi gave Oriole a six-month, 8% 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 Oriole Supply Co. Oriole 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.) (To record sales on account.) (To record cost of goods sold.) (To record sales in exchange for a note receivable.) (To record cost of goods sold.) (Accept note for accounts receivable.) (Accrue interest earned.) (To record collection of note receivable and interest.) Trendishonouring of note where collection is expected)