Laramie Supply Corp. has the following selected transactions for notes receivable.
Nov. 1 Lent $95,100 cash to A. Bouchard on a one-year, 9% note.
Dec. 1 Sold goods to Wright Inc., receiving a two-month, 6%, $23,000 note. Interest is due at maturity. The goods cost $14,064.
Dec. 15 Received a six-month, 6%, $24,480 note in exchange for an account from Aquilina Corporation. Interest is due at maturity.
Feb. 1 Collected the amount owing on the Wright note.
Feb. 28 Accrued interest on all notes receivable at year-end. Assume that interest is calculated to the nearest half-month.
Record the above transactions for Laramie Supply Corp. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement. Do not round intermediate calculations. Round answers to the nearest whole dollar, e.g. 5,275.)
Date
Account Titles and Explanation
Debit
Credit
(To record sales)
(To record cost of merchandise sold)