On January 1, 2014, Derek Company had Accounts Receivable $144,950, Notes Receivable $153,600, and Allowance for Doubtful Accounts $141,600. The note receivable is from Kaye Noonan Company. It is a 4-month, 14% note dated December 31, 2013. Derek Company prepares financial statements annually. During the year, the following selected transactions occurred.

Jan. 5		Sold $148,600 of merchandise to Zwingle Company, terms n/15.
20		Accepted Zwingle Companys $148,600, 3-month, 11% note for balance due.
Feb. 18		Sold $138,600 of merchandise to Gerard Company and accepted Gerards $138,600, 6-month, 11% note for the amount due.
Apr. 20		Collected Zwingle Company note in full.
30		Received payment in full from Kaye Noonan Company on the amount due.
May 25		Accepted Isabella Inc.s $133,600, 3-month, 9% note in settlement of a past-due balance on account.
Aug. 18		Received payment in full from Gerard Company on note due.
25		The Isabella Inc.s note was dishonored. Isabella Inc.s is not bankrupt; future payment is anticipated.
Sept. 1		Sold $12,780 of merchandise to Fernando Company and accepted a $12,780, 6-month, 12% note for the amount due.

Journalize the transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275