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Ivanhoe Co has the following transactions related to notes receivable during the last 2 months...

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Accounting

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Ivanhoe 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 $61,200 cash to C. Bohr on a 12-month, 5% note. Dec. 11 Sold goods to KR. Pine, Inc., receiving a $5.400,90-day, 6 note 16 Received a 54,800, 180-day, 10% note to settle an open account from A Murdock 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Ivanhoe Co, Omit cost of goods sold entries (Credit account titles are automatically indented when amount is entered. Do not indent manually Record journal entries in the order presented in the problem. Use 360 days for calculation)

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