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Community Colege, Dallas NC 1 Gasn AC Ct20-002-Fall-217 9-1A, 9-6A notes recelvable transactions The following were selected from among the transactions completed by Caldemeyer Co.

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Community Colege, Dallas NC 1 Gasn AC Ct20-002-Fall-217 9-1A, 9-6A notes recelvable transactions The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer Co. sells and installs home and business security systems Leaned $18,000 cash to Trina Gehaus, receiving a 90-day, 8% note. Sold merchandise on account to Bradford & Co., $24,000. The cost of the merchandise sold was $14,400 Jan. 3, Feb. 10. 13. Sold merchandise on account to Dry Creek Co, $60,000. The cost of merchandise sold was $54,000. Accepted a 60-day, 7% note for $24,000 from Bradford & Co. on account. Accepted a 60-day, 9% note for $60,000 from Dry Creek Co. on account. Received the interest due from Tina Gehus and a new 120-day, 9% e as a renewal of the loan of January 3. (Record both the debit and the credit to the notes receivable account.) Received from Bradford & Co. the amount due on the note of March 12 Mar. 12. 14. Ape 3. May 11. 13. Dry Creek Co. dishonored its note dated March 14 July 12. Received from Dry Creek Co. the amount owed on the dishonored note, plus interest for 60 days at 12% computed on the maturity value of the note. ck My Work Pr

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