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 The cost of the merchandise sold was $8,100 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 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 Owner, Capital 311 Owner, Drawing 312 Income Summary REVENUE 410 Sales 420 Sales Discounts 610 Interest Revenue

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Posted on Sep 10, 2024

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

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. The cost of the merchandise sold was $8,100.
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.

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