Jan. 3 Feb. 10 13 Mar 12 14 Apr. 3 Loaned $21,600 cash to Trina Gelhaus, receiving a 90-day, 8% note. Sold merchandise on account to Bradford & Co., 518,600. The cost of the merchandise sold was $11,160 Sold merchandise on account to Dry Creek Co., $61,200. The cost of merchandise sold was $55,080 Accepted a 60-day, 6% note for $18,600 from Bradford & Co, on account Accepted a 60-day, 9% note for $61,200 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.) 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. May 11 13 July 12 Aug 1 Received from Trina Gelhaus the amount due on her note of April 3. Oct. 5 Sold merchandise on account to Halloran Co. $13,900. The cost of the merchandise sold was $8,340. Received from Halloran Co the amount of the invoice of October 5. 15 Instructions Chart of Accounts Journal Journal PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CRECIT ASCIS LADUTIES EQUITY 10 11 11 Joumal IE 24 23 24 77 29 I 10 TE 32 SE 14 36