Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2014. The company does not make entries to accrue interest except at December 31.

Nov. 1		Loaned $30,000 cash to Manny Lopez on a 12-month, 10% note.
Dec. 11		Sold goods to Ralph Kremer, Inc., receiving a $6,750, 90-day, 8% note.
16		Received a $4,000, 180 day, 9% note in exchange for Joe Fernetti’s outstanding accounts receivable.
31		Accrued interest revenue on all notes receivable.

Journalize the transactions for Elburn Supply Co. (Record journal entries in the order presented in the problem. 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.)

Date	Account Titles and Explanation	Debit	Credit
Nov. 1Dec. 11Dec. 16Dec. 31
Nov. 1Dec. 11Dec. 16Dec. 31
Nov. 1Dec. 11Dec. 16Dec. 31
Nov. 1Dec. 11Dec. 16Dec. 31

Record the collection of the Lopez note at its maturity in 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation.)

Date	Account Titles and Explanation	Debit	Credit
Nov. 1Dec. 11Dec. 16Dec. 31