Sales and Notes Receivable Transactions The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company Jan 21 Sold merchandise on account to Black Tie Co $39,900. The cost of merchandise sold was $23,940. Mar. 18 Accepted a 60-day, 6% note for $39,900 from Black Tie Co. on account May 17 Received from Black Tie Co, the amount due on the note of March 18, June 15 Sold merchandise on account to Monter Co. for $11,900, The cost of merchandise sold was $7,140 21 Loaned $12,000 cash to R Stutts, receiving a 30-day, 8% note 25 Received from Pioneer Co the amount due on the invoice of June 15. Jwy 21 Received the interest due from JR Stutts and a new 60-day, 9 note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account) Sept. 39 Received from SR Stutts the amount due on her note of July 21 22 Sold merchandise on account to Wycofy Co., 540,000. The cost of merchandise sold was $24,000, Oct. 14 Accepted a 60-day, 6% note for $40,000 from Wycor Co. on account. Nov. 13 Wycoff Co. dishonored the note dated October 14 Dec, 28 Received from Wycort Co, the amount owed on the dishonored note, plus interest for 15 days at 12% computed on the maturity value of the note Required: Joumalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry leave it blank, Jan. 21-sale Jan. 21-sale Jan. 21-cost Mar. 18 May 17 II II II III II II II June 15-sale June 15-cost June 21 CWUN Calculator June 25 July 21 Sept. 19-note III II III III II I II II III IIII II Sept. 22-sale Sept. 22-cost Oct. 14 Sept. 22-sale Sept. 22-cost Oct. 14 Nov. 13 111 110 Dec. 28