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 lan. 13. Sold merchandise on account to Black Tie Co, $39,600. The cost of goods sold was $23,760. Mar. 10. Accepted a 60-day, 6% note for \39,600 from Black Tie Co. on account. May 9. Received from Black Tie Co. the amount due on the note of March 10. June 10. Sold merchandise on account, terms 2/10, n/30, to Holen for $18,100. Record the sale net of the discount. The cost of goods sold was s 15. Loaned $12,000 cash to Pioneer Co., receiving a 30-day, 9% note. Received from Holen the amount due on the invoce of June 10, less 2% discount. 20. July 15. Sept. 13. Received the int the notes receivable account.) erest due from Pioneer Co. and a new 60-day, 8% note as a renewal of the loan of June 15. (Record both the debit and the credit to June is. (Record both the debit and the credit to Received from Pioneer Co. the amount due on its note of July 15 13. Sold merchandise on account toWycoff Co, $60,000. The cost of oods sold was $36.000 .12. Accepted a 60-day, 6% note for $60,000 from wycoff Co. on account. Dec. 11. Wycoff Co. dishonored the note dated October 12 26. Received from wycoff Co. the amount owed on the dshonored note, plus interest for 15 days at 12% computed on the maturity value of the note. Required: Journalize the entries to record the transactions. Assume 360 days in o year. For a compound entry. if ani amount box does not require an entry, leave it blank. Assume this is which February has 28 days. an. 13-sale Accounts Receivable-Black Tie Co. 39.600 V Sales 39600 v an 13-cos Cost of Goods Sold 23.760 v Check My Work Save and Exit Submit Assignn ENG tMaindoinvokersas oumalize the entries to record the transacions. Assume 360 days in a yeat For a compound entry, f an amount bow dees not requaire an entry, leave t blank Aasume thes s a ear n which Febrnaary has 28 days. lune 10-sale une 15 8 5 6 K L uly 15 Sept. 13-noke Sept. 13-sale Sept. 13-cost Oct 12 Dec. 11 Dec. 26 Check My 5 6 8 K L Sept. 13-cont Oct. 12 Dec. 11 Dec. 2 The due date is the dale the mote is to be paid Remember the interest rale is slated on an annual banis, while the 1erm is expressed as days. Assume a 300 day year. The maburty value is the amounl Bhal must be paid at s Ad the due date, the company records the receipt of payment on the mote Learning Cbjective 6 5 6 8 9