Hayashikawa, Inc. carried out the following transactions this year:

Instructions 1. Record these transactions in the general journal (page 11).
2. Immediately after each journal entry, record each note receivable in the notes receivable register (page 7).

a. All notes are payable at Calkins Bank.

b. Fill in the date paid after journalizing the receipt of payment of the note, or fill in “renewed” or “discounted” when appropriate.

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Jan. Feb. 11 Sold merchandise on account to Z. Frazier; 1/10, n/30; $3,424. 10 Received a 30-day, 9 percent note, dated this day, for $3,424, from Z. Frazier on account. Mar. 12 Apr. May 28 28 Z. Frazier paid the amount due on its note of February 10. Sold merchandise on account to Levin Gallery; 1/10, n/30; $3,900. Received a 60-day, 10 percent note, dated this day, for $3,900 from Levin Gallery on account. July 27 Levin Gallery paid the interest on its note of May 28 and renewed the obligation by issuing a new 60-day, 11 percent note for $3,900, dated July 27. Sept. 25 Received check from Levin Gallery for the amount owed on its note of July 27. Oct. 1 Sold merchandise to Newell, Inc., for $6,300, receiving a 30-day, 10 percent note, dated this day (not previously recorded). 21 Discounted the note received from Newell, Inc., at Calkins Bank; discount rate, 9 percent.