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.)
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, net/30. The cost of the merchandise sold was $8,100.
15.	Received from Halloran Co. the amount of the invoice of October 5.

Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS

Caldemeyer 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	Common Stock
311	Retained Earnings
312	Dividends
313	Income Summary

	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 exact wording of account titles.

PAGE 10

JOURNAL

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