The following were selected from among the transactions completed during the current year by Hackworth Co., an appliance wholesale company:

{Instructions}
Journalize the transactions.

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Jan. 12. Sold merchandise on account to Dewit Co., $12,300. The cost of merchandise sold was $6,800. Mar. 12. Accepted a 60-day, 8% note for $12,300 from Dewit Co. on account. May 11. Received from Dewit Co. the amount due on the note of March 12. June 3. Sold merchandise on account to Kihl's for $15,000. The cost of merchandise sold was $10,750. 5. Loaned $18,000 cash to Michele Hobson, receiving a 30-day, 6% note. 13. Received from Kihl's the amount due on the invoice of June 3, less 2% dis- count. July 5. Received the interest due from Michele Hobson and a new 60-day, 9% note as a renewal of the loan of June 5. (Record both the debit and the credit to the notes receivable account.) Sept. 3. Received from Michele Hobson the amount due on her note of July 5. 17. Sold merchandise on account to Wood Co., $9,000. The cost of merchandise sold was $6,250. Oct. 4. Accepted a 60-day, 6% note for $9,000 from Wood Co. on account.