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Journalize the transactions for pharoah co

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Question - Pharoah Co. 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.

Nov. 1 Loaned $62,400 cash to C. Bohr on a 12-month, 7% note.

Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $1,800, 90-day, 7% note.

Dec. 16 Received a $9,600, 180-day, 8% note to settle an open account from A. Murdock.

Dec. 31 Accrued interest revenue on all notes receivable.

Required - Journalize the transactions for Pharoah Co. (Omit cost of goods sold entries.)

Reference no: EM133176316

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