Sales and Notes Recelvable Transactions The folowing were selected from among the transactions completed during the current vear by Danix Co, an appliance wholesiale company: Jan, 21 Sold merchandise on account to Black Tie Co. $36,900. The cost of merchandise sold was $22,140, Mar, 18 Accepted a 60-day, 6\% note for $36,900 from Black Tle 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 ploneer Co. for $12,700. The cost of merchandise soid was $7,620, 21 Loaned $12,000 cash to JR Stutts, receiving a 30 -day, 8% note. 25. Received from Pioneer Co, the amount due on the involce of June 15. July 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. 19 Recelved from JR Stuts the amount due on her note of July 21. 22 Sold merchandise on account to wycotf Co., $60,000. The cost of merchandise sold was $36,000. Oct. 14 Accepted a 606by,6% note for $60,000 trom Wycoff Co. on account. Nov. 13 Wycoff Co, dighonored the note dated October 14. Dec: 28 Recelved from wyocer Co. the ameunt owed on the dishonored note, plus interest for 15 days at 12% cemputed en the maturity ualue of the note. 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 blacki; Journalize the entries to record the transactions. Assume 36 a Jan. 21 -sale Accounts Receivable-Black Tie Co. June 15 -cost Cost of Merchandise Sold X Merchandise Inventory x June 21 June 25 Cash x Accounts Receivable-Pioneer Co. v x July 21 x x x Sept. 19-note x x x Sept. 22-sale Accounts Receivable-Wycoff Co. Sept. 19-note Cash x Notes Receivable x Interest Revenue x Sept. 22-sale Accounts Receivable-Wycoff Co. x sales V v x Sept. 22-cost Cost of Merchandise Sold v x v x x x Nov. 13 Dec. 28 x