Presented below is information related to Noonan Real Estate Agency.

Jan. 5 Sold $10,800 of merchandise to Motte Company, terms n/30.

Feb. 2 Accepted a $10,800, 4-month, 9% promissory note from Motte Company for the balance due.

12 Sold $13,500 of merchandise to Gitchel Company and accepted Gitchels $13,500, 2-month, 8% note for the balance due.

26 Sold $9,000 of merchandise to Benedict Co., terms n/10.

Apr. 5 Accepted a $9,000, 3-month, 8% note from Benedict Co. for the balance due.

12 Collected Gitchel Company note in full.

June 2 Collected Motte Company note in full.

July 5 Benedict Co. dishonors its note of April 5. It is expected that Benedict will eventually pay the amount owed.

15 Sold $12,000 of merchandise to Kriley Co. and accepted Krileys $12,000, 3-month, 12% note for the amount due.

Oct. 15 Kriley Co.s note was dishonored. Kriley Co. is bankrupt, and there is no hope of future settlement.

Instructions

Journalize the transactions.