Notes Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company. (All notes are dated as of the day they are received.) Assume 360 days in a year. Mar. 8. Received a $84,000, 8%, 60-day note on account. 31. Received a $18,000, 9%, 90-day note on account. Received $85,120 on note of March 8. May 7. 16. June 11. Received a $52,800, 12%, 90-day note on account. Received a $24,000, 6%, 30-day note on account. Received $18,405 on note of March 31. 29. July 26. Received $24,120 on note of June 11. Aug. 4. Received a $3,600, 11%, 30-day note on account. Received $54,384 on note of May 16. 14. Dec. 2. Received $3,633 on note of August 4. Required: Journalize the entries to record the transactions. For a compound transactions, if an amount box does not require an entry, leave it blank. Mar. 8 84,000 Notes Receivable Accounts Receivable 84,000 Mar. 31 Notes Receivable 18,000 Accounts Receivable 18,000 May 7 Cash 85,120 Notes Receivable 0 x Interest Revenue 0 X May 16 Notes Receivable 52,800 Accounts Receivable 52,800 June 11 Notes Receivable 24,000 Accounts Receivable 24,000 June 29 Cash 18,405 Notes Receivable 0 x Interest Revenue 0 X July 26 Cash 24,120 Notes Receivable 24,000 Interest Revenue 120 Aug. 4 Notes Receivable 3,600 Accounts Receivable 3,600 Aug. 14 Cash 54,384 Notes Receivable Interest Revenue 0 X Dec. 2 Cash 3,633 Notes Receivable 3,600 Interest Revenue 33