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Kingbird Supply Co. has the following transactions related...

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Accounting

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Kingbird Supply Co. has the following transactions related to notes receivable during the last 2 months of 2022. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $25,200 cash to Manny Lopez on a 12 month, 10% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $65,250, 90-day, 8% note. 16 Received a $65,280,180 day, 10% note to settle an open account from Joe Fernetti. 31 Accrued interest revenue on all notes receivable. Y) Your answer is partially correct. Record the collection of the Lopez note at its maturity in 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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