Sales and Notes Receivable Transactions The following were selected from among the transactions completed during the current year by Danix Coy an appliance wholesale company: Jan, 21 Sold merchandise on account to Black Tie C0. $38,100. The cost of merchandise sold was $22,860 Mar, 18 Accepted a 60-day, 9% note for $38,100 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 Pioneer Co. for $16,300. The cost of merchandise sold was $9,780. 21 Loaned 36,000 cash to JR Stutts, receiving a 30 -day, 6% note. 25 Received from Pioneer Co. the amcunt due on the invoice of June 15 . July 21 Recelved the interest due from JR Stutts and a new 60 -day, 8% note as a renewal of the loan of June 21 . (Record both the debit and the credit notes receivable account.) Sepe. 19 Received from JR Stutts the amount due on her note of July 21. 22 Sold merchandise on account to Wyeoff CO,$40,000. The cost of merchandise sold was $24,000. Oct. 14 Accepted a 60 -day, 6% note for $40,000 from Wycoff C0. on account. Nov, 13 Wycoff Co. dishonored the note dated October 14. Dec. 28 Received from Wrcoff Co. the amount owed on the dishonored note, plus interest for 15 days at 12% computed on the maturity ralue of the not Required: Joumalize the entries to record the transactions. Assume 360 days in a yeac. If an amount box does not require an entry, leave it blank. June 15 -sale Accounts Receivable-Pingeer Co Sales v 16300 June 21 Notes Recelvable Gash V June 25 Gash V Accounts Receivable:Pioneer Co. v July 21 Notes Receivable cach+ Notes Receivable v Interent Revenue = Sept. 19-note cosh= Notes Beceivabie Interest Bevenies Sept. 22-sale Accounts Receivabie wrattce sales Sept. 22-cost Cost of Merchandise Sold = Merchandise inventorye Oct. 14 Notes Receivable Accounts Receivabie-Wrocoff CQ. Oct. 14 Notes Receivable v Accounts Recelvable-Wrooff Co Nov. 13 Accounts Receivable-Wriceff Co Notes Receivable Interest Revenue Dec: 28 Cash Accounts Receivable-Wrcoffce. Interest Revenue *