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Instructions The following were selected from among the transactions completed by Caldemeyer Co. during the current year Caldemeyer Co. sells and instalis home and business

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Instructions The following were selected from among the transactions completed by Caldemeyer Co. during the current year Caldemeyer Co. sells and instalis home and business security systems Jan 3 Feb 10 13 Mar 12 Apr 3 Loaned $18,000 cash to Trina Gelhaus, receiving a 00-day, 8% note Sold merchandise on account to Bradford & Co. $24,000. The cost of the merchandise sold was $14.400 Sold merchandise on account to Dry Creek Co 580,000 The cost of merchandise sold was $54,000 Accepted a 60-day. 7% note for $24,000 from Bradford & Co. on account 14 Accepted a 60-day. 9% note for 580.000 from Dry Creek Co on account Received the interest due from Trina Gelhaus and a new 120-day. 9% nice as a renewal of the loan of January 3 (Record both the debit and the credit to the notes receivable account. Use a compound journal entry with debts before credits) Received from Bradford & Co the amount due on the note of March 12 Dry Creek Co dishonored its note dated March 14 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 Received from Trina Gelhaus the amount due on her note of April 3. Sold merchandise on account to Halloran Co. 513,500 The cost of the merchandise sold was 58100 15 Received from Halloran Co the amount of the invoice of October 8. May 11 13 July 12 1 Aug Oot 5 Required Joumate the entries to record the transactions Refer to the chart of accounts for the exact wording of the counties CNOW joumals do not use lines for oumal explanations. Every ine on a jouma/ page is used for debit or credit entries GNOW ones will automatically indent a credit entry when credit amount is entered Asiwe - 360-day year when calculating interest

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