QUESTION #5 Instructions: Journalize the following transactions.
COMPANY INFO: On January 1, 2017, Triumph Co. had Accounts Receivable 139,000, Notes Receivable 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. Triumph 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. 20 Converted 24,000 due from Zwingle to a 3-month, 6% note. Feb 18 Sold 8,000 of merchandise to Gerard AG and accepted Gerard's 8,000, 6-month, 7% note for the amount due. Apr 20 Collected Zwingle note in full. 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 AG on note due. 25 The Isabella note was dishonored. Isabella is not bankrupt; future payment is anticipated. Sep 1 Sold 10,000 of merchandise to Fernando Co. and accepted a 10,000, 6-month, 8% note for the amount due.
GENERAL JOURNAL
Jan	Account Title	Debit	Credit
Feb	Account Title	Debit	Credit
Apr	Account Title	Debit	Credit
Apr	Account Title	Debit	Credit
May	Account Title	Debit	Credit
Aug	Account Title	Debit	Credit
Sep	Account Title	Debit	Credit