Sales and Notes Receivable Transactions The following were selected from among the transactions completed during the current year by Dancx Co, an appliance wholesale company? Jan. 21. Sold metchandise on account to Black Tie C0y$28,000. The cost of goeds sold was $16,800. Mar, 18. Accepted a 60 -day, 6% note for $28,000 from Black Tie Co, on account. May 17. Received from Black Tie Co: the amount due on the note of March is. June 15. Sold merchandise on account, termis 1/10,/30, to Pioncer Co, for 517,700 . flecord the sale net of the discount. The cost of goods sold was $10,600. 21. Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note. 25. Received from Pioneer Ca. the amount due on the invoice of 3une 15, less 14s discount. July 21. Received the interest due from 2R5 tutte and a new 60 -day, 9% note as a renews of the ioon of June 21 . (Record both the debit and the credit to the notes receivabie nccount.) Sept, 19. Received from 3R Stutts the ambunt due an her note of July 21. 22. Sold merchandise on account to Wycoff C0, $20,000. The cost of goods sold was $12,000. Oct. 14. Accepted a 30-day, 6% s. ncte for $20,000 from Wycoff Co, on aceount; Nov. 13. Wyeoff Co. dichonored the note dated october 14 . Dec: 20. Receved from Wyeoff Co, the ambunt owed on the dishenored note, plus interest for 45 days at byi, compoted an the matunity value of the noce Journalize the enthes to record the transactions. Assume 760 days in a year, tf an amount box does not require an entry, leove it blark. Assume the is a ynar in atich february hat 28 days. Sept. 22-sales Sept, 22-cost Oct. 14 Nov. 13 Dec. 28