The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer Co. sells and installs home and business security systems.

Jan.	3	Loaned $18,000 cash to Trina Gelhaus, receiving a 90-day, 8% note.
Feb.	10	Sold merchandise on account to Bradford & Co., $24,000. The cost of the merchandise sold was $14,400.
	13	Sold merchandise on account to Dry Creek Co., $60,000. The cost of merchandise sold was $54,000.
Mar.	12	Accepted a 60-day, 7% note for $24,000 from Bradford & Co. on account.
	14	Accepted a 60-day, 9% note for $60,000 from Dry Creek Co. on account.
Apr.	3	Received the interest due from Trina Gelhaus and a new 120-day, 9% note as a renewal of the loan of January 3. (Record both the debit and the credit to the notes receivable account. Use a compound journal entry with debits before credits.)
May	11	Received from Bradford & Co. the amount due on the note of March 12.
	13	Dry Creek Co. dishonored its 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 to Halloran Co., $13,500. The cost of the merchandise sold was $8,100.
	15	Received from Halloran Co. the amount of the invoice of October 5.

Required:

Journalize the entries to record the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating interest.

CHART OF ACCOUNTSCaldemeyer Co.General Ledger

	ASSETS
110	Cash
111	Petty Cash
121	Accounts Receivable-Bradford & Co.
122	Accounts Receivable-Dry Creek Co.
123	Accounts Receivable-Trina Gelhaus
124	Accounts Receivable-Halloran Co.
129	Allowance for Doubtful Accounts
131	Interest Receivable
132	Notes Receivable
141	Merchandise Inventory
145	Office Supplies
146	Store Supplies
151	Prepaid Insurance
181	Land
191	Store Equipment
192	Accumulated Depreciation-Store Equipment
193	Office Equipment
194	Accumulated Depreciation-Office Equipment

	LIABILITIES
210	Accounts Payable
211	Salaries Payable
213	Sales Tax Payable
214	Interest Payable
215	Notes Payable

	EQUITY
310	Owner, Capital
311	Owner, Drawing

	REVENUE
410	Sales
420	Sales Discounts
610	Interest Revenue

	EXPENSES
510	Cost of Merchandise Sold
520	Sales Salaries Expense
521	Advertising Expense
522	Depreciation Expense-Store Equipment
523	Delivery Expense
524	Repairs Expense
529	Selling Expenses
530	Office Salaries Expense
531	Rent Expense
532	Depreciation Expense-Office Equipment
533	Insurance Expense
534	Office Supplies Expense
535	Store Supplies Expense
536	Credit Card Expense
537	Cash Short and Over
538	Bad Debt Expense
539	Miscellaneous Expense
710	Interest Expense

Journalize the entries to record the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating interest.

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JOURNAL

ACCOUNTING EQUATION