Instructions 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. Jan. 3. Loaned $21,600 cash to Trina Gelhaus, receiving a 90-day, 8% note. Feb. 10. Sold merchandise on account to Bradford & Co., $25,200. The cost of the merchandise sold was $15,120. 13. Sold merchandise on account to Dry Creek Co., $55,200. The cost of merchandise sold was $49,680. Mar. 12. 14. Apr. 3. Accepted a 60-day, 8% note for $25,200 from Bradford & Co. on account. Accepted a 60-day, 9% note for $55,200 from Dry Creek Co. on account. Received the interest due from Trina Gelhaus and a new 120-day, 9% note 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 debits before credits.) May 11. Received from Bradford & Co. the amount due on the note of March 12. 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. Received from Trina Gelhaus the amount due on her note of April 3. Aug. 1. Instructions Mar. 12. 14. Apr. 3. Accepted a 60-day, 8% note for $25,200 from Bradford & Co. on account. Accepted a 60-day, 9% note for $55,200 from Dry Creek Co. on account. Received the interest due from Trina Gelhaus and a new 120-day, 9% note 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 debits before credits.) May 11. Received from Bradford & Co. the amount due on the note of March 12. 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. Aug. 1. Received from Trina Gelhaus the amount due on her note of April 3. Oct. 5. Sold merchandise on account to Halloran Co., $14,500. The cost of the merchandise sold was $8,700. 15. Received from Halloran Co. the amount of the invoice of October 5. Required: Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest Journal Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest. Round your answers to the nearest whole dollar. PAGE 10 JOURNAL DATE DESCRIPTION POST. REF. ACCOUNTING FOLLATION ASSETS LIABILITIES EQUITY DEBIT CREDIT 1 3 4 5 6 7 Instructions Chart of Accounts Journal 0 1 = Chart of Accounts X General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 420 Sales Discounts 121 Accounts Receivable-Bradford & Co. 610 Interest Revenue 122 Accounts Receivable-Dry Creek Co. 123 Accounts Receivable-Trina Gelhaus EXPENSES 124 Accounts Receivable-Halloran Co. 510 Cost of Merchandise Sold 129 Allowance for Doubtful Accounts 520 Sales Salaries Expense 131 Interest Receivable 521 Advertising Expense 132 Notes Receivable 522 Depreciation Expense-Store Equipment 141 Merchandise Inventory 523 Delivery Expense 145 Office Supplies 524 Repairs Expense 146 Store Supplies 529 Selling Expenses 530 Office Salaries Expense 151 Prepaid Insurance Chart of Accounts 181 Land 531 Rent Expense 532 Depreciation Expense-Office Equipment 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 533 Insurance Expense 193 Office Equipment 534 Office Supplies Expense 194 Accumulated Depreciation-Office Equipment 535 Store Supplies Expense 536 Credit Card Expense LIABILITIES 537 Cash Short and Over 210 Accounts Payable 538 Bad Debt Expense 211 Salaries Payable 539 Miscellaneous Expense 213 Sales Tax Payable 710 Interest Expense 214 Interest Payable 215 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing Chart of Accounts 193 Office Equipment 194 Accumulated Depreciation Office Equipment 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense LIABILITIES 537 Cash Short and Over 210 Accounts Payable 538 Bad Debt Expense 211 Salaries Payable 539 Miscellaneous Expense 213 Sales Tax Payable 710 Interest Expense 214 Interest Payable 215 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary