The Crown Company had the following transactions involving notes receivable during 2011. Record the transactions on page 7 of a general journal. Omit descriptions. 
Definitions:
Interest Expense
Costs incurred by a borrower for the use of borrowed money, typically paid as a rate on loans or debt.
Borrowing Money
The act of obtaining funds from a lender under the agreement to repay them, usually with interest, over a specified period.
Other Expenses
Non-operating expenses that do not relate to the main operating activities of the business; they appear in a separate section on the income statement. One example given in the text is Interest Expense, interest owed on money borrowed by the company.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income over a specific period.
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