Green Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year.
Nov. 1 Loaned $60,000 cash to B. Younger on a 1-year, 8% note.
Dec. 11 Sold goods to R. P. Meier, Inc., receiving a $3,600, 90-day, 7% note.
Dec. 16 Received an $12,000, 6-month, 9% note to settle an open account from M. Chen.
Dec. 31 Accrued interest revenue on all notes receivable.
Journalize the transactions for Green Plains Supply Co.
Date Account/Description Debit Credit
Nov. 1
Dec. 11
Dec. 16
Dec. 31