purchased for $$100$ various sinking fund investments that had been Used the bond $280.$

plus the unamortize fund to redeem the entire $12\%$ bond issue, $($Check $104).$

Mar. $2$

Apr. $1$

May $5$

June $30$

Aug. $3$

Sept. $13$

Oct. $1$

$1$

$3$

Nov. $1$

$12$

$15$

ec$.1$

Purchased store equipment from Sierra Equipment company for $$12,000$ by issuing a $120-$day, $10\%$ note payable, Note $32.$ Issued $$300,000$ of $9\%,10-$year bonds at $98,$ Receipt $2375.$ Interest is payable semiannually on October $1$ and April $1.$

Borrowed $$6,000$ from the Dollar Bank for $90$ days by issuing a noninterest$-$bearing note $($Note $33)$ that the bank discounted at $11\%($Receipt $2751).$

Issued Check $5102$ to the Sierra Equipment Company in payment of the principal and interest due on Note $32.$

Paid to the Dollar Bank the amount owed on Note $33($Check $5613)$ and recorded the interest expense.

Issued a $$10,000,60-$day, $10\mathrm{.}5\%$ note payable $($Note $34)$ to the Dollar Bank $($Receipt $4176).$

Signed a $20-$year, $\frac{81}{2}\%$ mortgage note for $$150,000$ to purchase land and a building for a new store $($Memorandum $4163).$ The cost of the land was $40\%$ of the total price.

Issued Check $6463$ for the semiannual interest on the bonds issued April $1.$

Deposited $$45,000$ in the bond sinking fund by issuing Check $6483.$

Made the first mortgage payment of $$1,700($Check $6801).$ Of this amount, $$1,062$ was interest and $$638$ was a payment on principal.

Paid the interest due on Note $34($Check $6922)$ and renewed the note by issuing a $60-$day, $$10,000,11\%$ note payable $($Note $35).$

Purchased various securities with sinking fund cash, $$40,000,$ Check $301.$

Wrote Check $7172$ for the second mortgage payment: principal, $$642$; interest, $$1,058.$

$31$

Received $$475$ from sinking fund investments, Receipt $281.$