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In-Class Question 1 Peanuts Company has the following transactions related to notes receivable during...

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Accounting

In-Class Question 1
Peanuts Company has the following transactions related to notes receivable during the year:
Jan. 1 Loaned $15,000 cash to Lucy on a 2-year, 8.5% note.
July 11 Sold goods to Charlie, receiving a $10,000,1-year, 9.6% note.
Nov. 16 Received an $20,000,3-month, 17.5% note to settle an open account from Snoopy.
Dec. 31 Accrued interest revenue on all notes receivable.
Instructions: Journalize the transactions for Peanuts Company.
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