Orosco Supply Co. has the following transactions related to notes receivable during the last 2 months of 2008.
Nov. 1 Loaned $15,330 cash to Sally Givens on a 1-year, 12% note.
Dec. 11 Sold goods to John Countryman, Inc., receiving a $9,680, 90-day, 8% note.
16 Received a $4,973, 6-month, 9% note in exchange for Bob Reber's outstanding accounts receivable.
31 Accrued interest revenue on all notes receivable.