{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T07:52:51-04:00", "answer_date": "2024-06-28 07:52:51", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4267739", "url": "\/study-help\/questions\/the-following-were-selected-from-among-the-transactions-completed-by-4267739", "question_creation_date_js": "2024-06-28T07:52:51-04:00", "question_creation_date": "Jun 28, 2024 07:52 AM", "meta_title": "[Solved] The following were selected from among th | SolutionInn", "meta_description": "Answer of - The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeye | SolutionInn", "meta_keywords": "selected,transactions,completed,caldemeyer,current,year,sells,installs,home,business,security,systems", "question_title_h1": "The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer sells and installs home and business security systems.", "question_title": "The following were selected from among the transactions completed by Caldemeyer Co.", "question_title_for_js_snippet": "The following were selected from among the transactions completed by Caldemeyer Co during the current year Caldemeyer sells and installs home and business security systems Jan 3 Loaned $14,400 cash to Trina Gelhaus, receiving a 90 day, 9 note Feb 10 Sold merchandise on account to Bradford Co , $21,600 The cost of the goods sold was $12,960 Feb 13 Sold merchandise on account to Dry Creek Co , $59,400 The cost of goods sold was $53,460 Mar 12 Accepted a 60 day, 6 note for $21,600 from Bradford Co on account Mar 14 Accepted a 60 day, 9 note for $59,400 from Dry Creek Co on account Apr 3 Received the interest due from Trina Gelhaus and a new 120 day, 8 note as a renewal of the loan of January 3 (Record both the debit and the credit to the notes receivable account ) May 11 Received from Bradford Co the amount due on the note of March 12 May 13 Dry Creek Co dishonoredits note dated March 14 July 12 Received from Dry Creek Co the amount owed on the dishonored note, plus interest for 60 days at 12 computed on the maturity value of the note Aug 1 Received from Trina Gelhaus the amount due on her note of April 3 Oct 5 Sold merchandise on account, terms 2 10, n 30, to Halloran Co , $14,400 Record the sale net of the 2 discount The cost of the goods sold was $8,640 Oct 15 Received from Halloran Co the amount of the invoice of October 5, less 2 discount Journalize the entries to record the transactions Refer to the Chart of Accounts for exact wording of account titles Assume a 360 day year Assume this is a year in which February has 28 days Round your answer to the nearest whole dollar SHOULD BE 36 LINES ALL TOGETHER ", "question_description": "

The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer sells and installs home and business security systems.<\/strong><\/p>

<\/p>

Jan. 3 Loaned $14,400 cash to Trina Gelhaus, receiving a 90-day, 9% note.<\/p>

Feb. 10 Sold merchandise on account to Bradford & Co., $21,600. The cost of the goods sold was $12,960.<\/p>

Feb 13 Sold merchandise on account to Dry Creek Co., $59,400. The cost of goods sold was $53,460.<\/p>

Mar. 12 Accepted a 60-day, 6% note for $21,600 from Bradford & Co. on account.<\/p>

Mar 14 Accepted a 60-day, 9% note for $59,400 from Dry Creek Co. on account.<\/p>

Apr. 3 Received the interest due from Trina Gelhaus and a new 120-day, 8% note as a renewal of the loan of January 3. (Record both the debit and the credit to the notes receivable account.)<\/p>

May 11 Received from Bradford & Co. the amount due on the note of March 12.<\/p>

May 13 Dry Creek Co.dishonoredits note dated March 14.<\/p>

July 12 Received from Dry Creek Co. the amount owed on the dishonored note, plus interest for 60 days at 12% computed on the maturity value of the note.<\/p>

Aug. 1 Received from Trina Gelhaus the amount due on her note of April 3.<\/p>

Oct. 5 Sold merchandise on account, terms 2\/10, n\/30, to Halloran Co., $14,400. Record the sale net of the 2% discount. The cost of the goods sold was $8,640.<\/p>

Oct.15 Received from Halloran Co. the amount of the invoice of October 5, less 2% discount.<\/p>

<\/p>

Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Assume this is a year in which February has 28 days. Round your answer to the nearest whole dollar.<\/em><\/strong><\/p>

<\/p>

SHOULD BE 36 LINES ALL TOGETHER.<\/p>", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "3540232443", "uri": "\/textbooks\/nuclear-condensed-matter-physics-with-synchrotron-radiation-basic-principles-methodology-and-applications-2004th-edition-978-3540232445-291352", "name": "Nuclear Condensed Matter Physics With Synchrotron Radiation Basic Principles Methodology And Applications", "edition": "2004th Edition" }, "question_posted": "2024-06-28 07:52:51", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/to-be-successful-a-company-must-anticipate-its-cash-flows", "description": "To be successful, a company must anticipate its cash flows. 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