141. Journalize the following transactions for Solley Company that occurred during 2011 and 2012.November 14, 2011 Received a $4,800.00, 90-day, 9% note from Alan Hibbetts in payment of his...

141. Journalize the following transactions for Solley Company that occurred during 2011 and 2012.


November 14, 2011 Received a $4,800.00, 90-day, 9% note from Alan Hibbetts in payment of his account.


December 31, 2011 Accrued interest on the Hibbetts note.


February 12, 2012 Received the amount due from Hibbetts on his note.

142. For each of the following notes receivables held by Rogers Company determine the interest revenue to be reported on the income statements for 2011 and 2012. Round answers to nearest whole dollar.