Sales and notes receivable transactions Chart of Accounts Journal Instructions The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer Co sells and installs home and business security systems Jan 3 Feb, 10 13 Mar 12 14 Apr 3 Loaned 521,600 cash to Trina Gelhaus, receiving a 90 day, 7% note Sold merchandise on account to Bradford & Co. 526,400. The cost of the merchandise sold was 515 540 Sold merchandise on account to Dry Creek Co. 563,600. The cost of merchandise sold was $57.240. Accepted a 60-day, 8% note for $26.400 from Bradford & Co on account Accepted a 60-day, 9 note for 563,600 from Dry Creek Co on account Received the interest due from Trina Gelhaus and a new 120 day, 9% note as a renewal of the loan of January 3. (Record both the debit and the credit to the notes receivable account. Use a compound journal entry with debits before credits Received from Bradford & Co the amount duo on the note of March 12 Dry Creek Codinhonored its note dated March 14 Received from Dry Creek Co the amount owed on the dishonored note, plus interest for 60 days at 12% computed on the maturty value of the note Received from Trina Gelhaus the amount due on her note of April Sold merchandise on account to Halloran Co. 512.500 The cost of the merchandise sold was 57.500 Received from foran co the amount of the invoice of October 5 May 11 13 July 12 Aug 1 Oct 5 15