Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2017. The company does not make entries to accrue interest except at December 31.

Nov. 1   - Loaned $21,500 cash to Manny Lopez on a 12-month, 12% note.

Dec. 11 - Sold goods to Ralph Kremer, Inc., receiving a $59,400, 90-day, 10% note.

Dec 16 - Received a $62,400, 180 day, 12% note in exchange for Joe Ferrety's outstanding accounts receivable.

Dec - 31 - Accrued interest revenue on all notes receivable.

(a) Journalize the transactions for Elburn Supply Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.)

Date               Account Titles and Explanation     Debit      Credit

Nov 1                              

Dec 11

Dec 16

Dec 31