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! January 21. March 18. May 17. June 15. June 21 June 25. July 21. September 19. September 22. October 14. November 13. December 28 Required: Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Assume this is a year in which February has 28 days. Jan 21-sale Accounts Receivable-Black Tie Co. Jan. 21-cost Sold merchandise on account to Black Tie Co., $28,000. The cost of goods sold was $16,800 Accepted a 60-day, 6% note for $28,000 from Black Tie Co, on account Received from Black Tie Co, the amount due on the note of March 18. Sold merchandise on account, terms 1/10, n/30, to Pioneer Co for $17,700. Record the sale net of the discount. The cost of goods sold was $10,600. Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note Received from Pioneer Co. the amount due on the invoice of June 15, less 1% discount 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) Received from JR Stutts the amount due on her note of July 21 Sold merchandise on account to Wycoff Co, $20,000. The cost of goods sold was $12,000 Accepted a 30-day, 6% note for $20,000 from Wycoff Co. on account. Wycoff Co. dishonored the note dated October 14 Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 45 days at 8% computed on the maturity value of the note Mar 18. May 17 Sales Cost of Goods Sold Inventory Notes Receivable Cash Accounts Receivable-Black Tie Co. 28,000 JUH V 28,000 16,800 28,000 18011 28,280 16,800 28,000

desturt the dest of posts sedd wat two,60 compued on ve maturty rabe of Notes Receivable v Interest Revenue June 15-sales Accounts Receivable-Pioneerco v sales June 15-cost Cest of Goods Sold v Inventory v June 21 CashNotesReceivablev June 25 Cash Accounts Receivable-Pioneer CO2v July 21 Sept. 19 Allowance for Doubtful Accounts x Sept. 22-sales Accounts Receivable-WrycoffCo. Sales V Inventory Oct 14 Notes Receivable Dccounts Recelmable-Wrooff CO 28,000 280 17,700 17,700x 10,600 10,600 18,000 18,000 17,700 x 17,700 120 x120x 18,000 x x 18,000 18,270 270x 18.000 20,000 20,000 12000 v12,000 20,000 Nov. 13 Accounts Receivable-Wvcoff CO. Cost of Goods sold x Interest Revenue \begin{tabular}{|c|c|c|} \hline 20,100 & & \\ \hline & & 100 \\ \hline & & 20,000 \\ \hline \end{tabular} Dec. 28 Cash >v 20,301 Notes Receivable x 201 x Accounts Receivable-Pioneer Co. X 20,100 x