Question 15 The following selected transactions occurred for Tarjee Corporation. The company uses a perpetual Inventory system, has a May 31 year end, and adjusts its accounts annually. Feb 1 3 26 Mar. 6 27 Apr. 3 May 27 31 Sold merchandise for $8,800 on account (n/30) to Morgan Ltd.. The cost of goods sold was $6,500. Sold 513,200 of merchandise costing $8,900 to Gauthier Company and accepted Gauthier's two-month, 7% note in payment. Interest is due at maturity. Sold $13,200 of merchandise to Mathias Corp., terms n/30. The cost of the merchandise sold was $7,800. Sold, on account, $3,800 of merchandise that cost 53,100 to Superior Limited. Accepted a two-month, 7%, $13,200 note from Mathias for the balance due. Interest is due at maturity. (See February 26 transaction.) Collected the Gauthier note in full. (See February 3 transaction.) The Mathlas note of March 27 was dishonoured. It is expected that Mathlas will eventually pay the amount owed. Recorded accrued interest for three months on outstanding interest on the receivable due from Morgan. Interest on unpaid receivables is charged 24% per annum (2% per month). (See February 1 transaction.) Record the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of merchandise sold) V (To record sales) (To record cost of merchandise sold) (To record sales) (To record cost of merchandise sold) (To record sales) (To record cost of merchandise sold) (To record note dishonoured) (To record interest accrued on outstanding accounts receivable amount)