Question: Your answer is partially correct. Try again Bramble Corp. has the following transactions related to notes receivable during the last 2 months of the year.

Your answer is partially correct. Try again Bramble Corp. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. (Omit cost of goods sold entries.) Nov. 1 Loaned $60,600 cash to C. Bohr on a 12-month, 6% note Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $3,600, 90-day, 7% note Dec. 16 Received a $19,200, 180-day, 12% note to settle an open account from A. Murdock. Dec. 31 Accrued interest revenue on all notes receivable Journalize the transactions for Bramble Corp. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Nov. 1 11 Notes Receivable 60600 Cash 60600 Dec. 11 Notes Receivable 3600 Sales Revenue 3600 Dec. 16 Notes Receivable 19200 Accounts Receivable 19200 Dec. 31 |Interest Receivable 714 Interest Revenue 714
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