brief ex 10

Brief Exercise 10

Trent Distributors has the following transactions related to notes receivable during the last two months of the year.

Dec.	1		Loaned $16,000 cash to E. Kinder on a 1-year, 6% note.
	16		Sold goods to J. Jones, receiving a $4,800, 60-day, 7% note.
	31		Accrued interest revenue on all notes receivable.

Journalize the transactions for Trent Distributors.  (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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