Current Attempt in Progress The following selected transactions occurred for Penny Worth Corporation. The company uses a perpetual irwentory system, has a June 30 year end, and adjusts its accounts annually. Jan. 5 Sold $12,600 of merchandise costing $6,300 to Nolet Comparyy and accepted Nolet's four-month, 4\% note in payment. Interest is due at maturity. 28 Sold, on account (n/30),$10,000 of merchandise that cost $7,500 to Poulin Limited. 31 Sold $15,200 of merchandise to Lavigne Corp, terms n/30. The cost of the merchandise sold was $11,200. Mar. 1 Sold merchandise far $8,900 on account (n/30) to JP Ltd. The cost of goods sald was \$7,100. 2 Accepted a three-month, 7\%, \$15,200 note from Lavigne in settlement of its account. (See January 31 transaction.] Interest is due at maturity. May 5 Collected the Nolet note in full. (See January 5 transaction) June 4 The Lavigne nate of March 2 was dishonoured. It is expected that Lawigne will eventually pay the amount owed. 30 Recorded accrued interest for outstanding receivables overdue from Poulin and JP. Interest on unpaid receivables is charged at 36% per annum (3\% per month). (See January 28 and March 1 transactions.) Use simple interest calculation. Record the above transactions. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Record entries in the arder displayed in the problem statement.)