Problem 8-6A

On January 1, 2017, Bonita Industries had Accounts Receivable of $53,100 and Allowance for Doubtful Accounts of $3,600. Bonita Industries prepares financial statements annually. During the year, the following selected transactions occurred.

Jan. 5		Sold $4,500 of merchandise to Rian Company, terms n/30.
Feb. 2		Accepted a $4,500, 4-month, 8% promissory note from Rian Company for balance due.
12		Sold $11,520 of merchandise to Cato Company and accepted Catos $11,520, 2-month, 10% note for the balance due.
26		Sold $11,600 of merchandise to Malcolm Co., terms n/10.
Apr. 5		Accepted a $11,600, 3-month, 8% note from Malcolm Co. for balance due.
12		Collected Cato Company note in full.
June 2		Collected Rian Company note in full.
15		Sold $2,100 of merchandise to Gerri Inc. and accepted a $2,100, 6-month, 11% note for the amount due.

Journalize the transactions. (Omit cost of goods sold entries.)