Jan. $3$ Loaned $$18,000$ cash to Trina Gelhaus, receiving a $90-$day, $8\%$ note.

Feb. $10$ Sold merchandise on account to Bradford & Co$.,$ $$24,000.$ The cost of goods sold was $$14,400.$

$13$ Sold merchandise on account to Dry Creek Co$.,$ $$60,000.$ The cost of goods sold was $$54,000.$

Mar. $12$ Accepted a $60-$day, $7\%$ note for $$24,000$ from Bradford & Co$.$ on account.

$14$ Accepted a $60-$day, $9\%$ note for $$60,000$ from Dry Creek $C_0.$ on account.

Apr. $3$ 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$)$

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, terms $\frac{2}{10},\frac{n}{30},$ to Halloran $C{o}_0,$$$13,500.$ Record the sale net of the $2\%$ discount The cost of goods sold was $$8,100.$

$15$ Received from Halloran $C{o}_0.$ the amount of the invoice of October $5,$ less $2\%$ discount.

Required:

Joumalize the entries to record the transactions. Assume a $360-$day year. Assume this is a year in which February has $28$ days.