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 $18,000 cash to Trina Gelhaus, receiving a 90-day, 8% note. Feb. 10 Sold merchandise on account to Bradford & Co., $24,000. The cost of the merchandise sold was $14,400. 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. Mar. 12 14 Accepted a 60-day, 9% note for $60,000 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 Apr. 3 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. Dry Creek Co. dishonored its note dated March 14. 13 July 12 Received from Dry Creek Co. the amount owed on the dishonored note, plus interest for 60 days at Aug 1 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., $13,500. The cost of the merchandise sold was $8,100. Oct. 5 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 the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating interest. ASSETS REVENUE 410 Sales 420 Sales Discounts 610 Interest Revenue 110 Cash 111 Petty Cash 121 Accounts Receivable-Bradford & Co. 122 Accounts Receivable-Dry Creek Co. 123 Accounts Receivable-Trina Gelhaus 124 Accounts Receivable-Halloran Co. 129 Allowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Jan. 3 Notes Receivable 2 Cash 3 Feb. 10 Accounts Receivable-Bradford & Co. 4 Sales 5 6 Feb. 10 Cost of Merchandise Sold Merchandise Inventory Feb. 13 Accounts Receivable-Dry Creek Co. 7 8 Sales 9 10 11 12 13 14 Feb 13 Cost of Merchandise Sold Merchandise Inventory Mar.12 Notes Receivable Accounts Receivable-Bradford & Co. Mar. 14 Notes Receivable Accounts Receivable-Dry Creek Co. Apr. 3 Cash Notes Receivable Notes Receivable Interest Revenue May 11 Cash Notes Receivable 15 16 17 18 19 20 2: 22 Interest Revenue May 13 Accounts Receivable-Dry Creek Co. Notes Receivable Interest Revenue 25 24 25 Jul 12 Cash 26 Accounts Receivable-Dry Creek Co. Interest Revenue 27 28 Aug. 1 Cash 29 Notes Receivable