Help! E8-9, E8-10, E8-11, E8-12

E8-9 Colaw Stores accepts both its own and national credit cards. During the year, the Jourmalize following selected summary transactions occurred. Jan. 15 Made Colaw credit card sales totaling $18,000. (There were no balances prior to presentatic and indicea January 15.) Made Visa credit card sales (service charge fee 2%) totaling S450. charges ar expense 20 Feb. 10 Collected $10,000 on Colaw credit card sales. 15 Added finance charges of15% to Colaw credit card account balances. Instructions Journalize the transactions for Colaw Stores. E8-10 Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2017. The company does not make entries to accrue interest except at December 31. Jounali receivab (L3) Loaned $30,000 cash to Manny Lopez on a 12-month, 10% note. Sold goods to Ralph Kremer, Inc., receiving a $6,750, 90-day,8% note. Received a $4,000, 180 day, 9% note in exchange for Joe Ferretti's outstanding accounts receivable. Accrued interest revenue on all notes receivable. Nov. 1 Dec. 1 1 16 31 Instructions (a) Journalize the transactions for Elburn Supply Co. (b) Record the collection of the Lopez note at its maturity in 2018. E8-11 Record the following transactions for Redeker Co. in the general journal. 2017 May 1 Received a $9,000, 12-month, 10% note in exchange for Mark Chambers Jour recei Lo : Dec. 31 Dec. 31 outstanding accounts receivable. Accrued interest on the Chamber note. Closed the interest revenue account. Received principal plus interest on the Chamber note. (No interest has been accrued in 2018.) May 1 E8-12 Vandiver Company had the following select transactions Apr. 1, 2017 Accepted Goodwin Company's 12-month 12% note in settlement of a $30,000 account receivable. July 1, 2017 loaned $25,000 cashto Thomas Slocombe on a9 month, 10% note. Dec. 31, 2017 Accrued interest on all notes receivable. Apr 1, 2018 Received principal plus interest on the Goodwin note. Apr 1, 2018 Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect. Instructions Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31