Instructions The following were selected from among the transactions completed by Caldereyer Co. during the current year. Caldemeyer Co. sells and installs home and business security systems. Jan 3 Feb 10 13 Mar 12 14 Apr . 3 Loaned $14,400 cash to Trina Gelhaus, receiving a 90-day, 9% note Sold merchandise on account to Bradford & Co., $21,600. The cost of the merchandise sold was $12,960 Sold merchandise on account to Dry Creek Co., 559,400. The cost of merchandise sold was $53,460 Accepted a 60-day, 6% note for $21,600 from Bradford & Co on account Accepted a 60-day, 9% note for $59.400 from Dry Creek Co. on account. Received the interest due from Trina Gelhaus and a new 120-day, 8% note as a renewal of the loan of January 3. (Record both the debit and the credit to the notes receivable account. Use compound journal entry with debits 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 May 11 13 July 12 Aug 1 Instructions Mar 12 14 Apr. 3 May 11 Accepted a 60 day, 6% note for $21,600 from Bradford & Co. on account. Accepted a 60 day, 9% note for 559,400 from Dry Creek Co. on account Received the interest due from Trina Gelhaus and a new 120 day, 8% 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.) 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. Sold merchandise on account to Halloran Co., 514,400. The cost of the merchandise sold was 58,640. 13 July 12 Aug 1 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 fines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating interest Round your answers to the nearest whole dollar. Journal Journalize the entries to record the transactions. Refer to the chart of accounts for the exact wording of the account is CNOWjournals do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating interest. Round your answers to the nearest whole dollar PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 6 Journal 24 25 26 27 BL 29 30 51 TE 11 TE 35
