On January 1, 2013, Superlife company had Accounts Receivable $159,000, Notes Receivable $50,000, and Allowance for Doubtful Accounts $15,700. The note receivable is from Worthylife company. It is a 5-month, 10% note dated December 31, 2012. Superlife Company prepares financial statements annually. During the year the following selected transactions occurred.

Jan. 5 Sold $32,000 of merchandise to DD Company, terms n/15.

Jan. 20 Accepted DD Companys $20,000, 4-month, 10% note for balance due.

Feb. 18 Sold $8,000 of merchandise to LP Company and accepted LPs $8,000, 6-month, 9% note for the amount due.

Apr. 20 Collected DD Company note in full.

Apr. 30 Received payment in full from Worthylife Company on the amount due.

May 25 Accepted Joker Inc.s $5,000, 4-month, 7% note in settlement of a past-due balance on account.

Aug. 18 Received payment in full from LP Company on note due.

Aug. 25 The Joker Inc. note was dishonored. Jenks Inc. is bankrupt; future payment is

not anticipated.

Sept. 1 Sold $17,000 of merchandise to Linefine Company and accepted a $12,000, 6-month, 10% note for the amount due.

Instructions Journalize the transactions.