Notes Receivable Discounting Marienau Suppliers had the following transactions: Mar. 1 Sold merchandise on account to G. Perez, $4,600. 20 G. Perez gave a $4,600, 90-day, 6% note to extend time for payment. 30 G. Perez's note is discounted at Commerce Bank at a discount rate of 8%. Apr. 20 Received a $2,800, 60-day, 6% note from D. Larson in payment for sale of merchandise. May 5 D. Larson's note is discounted at Commerce Bank at a discount rate of 7%. June 19 D. Larson's note is dishonored. The bank bills Marienau for the maturity value of the note plus a $50 bank fee. July 31 D. Larson's dishonored note is collected; Larson pays Marienau the maturity value of the note, the $50 bank fee, and interest at 6% on the maturity value plus the bank fee. Aug. 1 Sold merchandise on account to A. Bauer, $5,200. 12 A. Bauer paid $400 and gave a $4,800, 30-day, 5% note to extend time for payment. Sept. 11 A. Bauer paid $500, plus interest, and gave a new $4,300, 60-day, 6% note to extend time for payment. 26 A. Bauer's note is discounted at Commerce Bank at a discount rate of 7.5%. Nov. 10 A. Bauer's note is dishonored. The bank bills Marienau for the maturity value of the note plus a $50 bank fee. Dec. 15 A. Bauer's dishonored note is collected. Bauer pays Marienau the maturity value of the note, the $50 bank fee, and interest at 6% on the maturity value plus the bank fee. Record the transactions in a general journal. Assume 360 days in a year. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20-- 1 Mar. 1 23 4 20 5 1 2 3 4 69 7 30 8 9 10 11 Apr. 20 12 13 14 May 5 15 565 7 8 9 10 11 12 13 16 17 18 June 19 19 20 14. 15 16 17 18 19 20 43 HOP 23 NE 00 000 0000 0000 000 00 000 0000 000 39 40 41 42 43 36 37 38 32