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On January 1, 2017, Derek Co. had Accounts Receivable 139,000, Notes Receiv- able 30,000, and Allowance for Doubtful Accounts 13,200. The note receivable is from

On January 1, 2017, Derek Co. had Accounts Receivable 139,000, Notes Receiv- able 30,000, and Allowance for Doubtful Accounts 13,200. The note receivable is from Kaye Noonan Ltd. It is a 4-month, 9% note dated December 31, 2016. Derek prepares financial statements annually at December 31. During the year, the following selected transactions occurred.

Jan. 5 Sold 24,000 of merchandise to Zwingle SE, terms n/15.

Jan. 20 Accepted Zwingles 24,000, 3-month, 6% note for balance due.

Feb. 18 Sold 8,000 of merchandise to Gerard AG and accepted Gerards 8,000, 6-month, 7% note for the amount due.

Apr. 20 Collected Zwingle note in full.

Apr. 30 Received payment in full from Kaye Noonan on the amount due.

May 25 Accepted Isabella Ltd.s 4,000, 3-month, 7% note in settlement of a past-due balance on account.

Aug. 18 Received payment in full from Gerard on note due.

Aug. 25 The Isabella note was dishonored. Isabella is not bankrupt; future payment is anticipated.

Sept. 1 Sold 10,000 of merchandise to Fernando Co. and accepted a 10,000, 6-month, 8% note for the amount due.

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Journalize the transactions.

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