The following were selected from among the transactions completed during the current year, 2020 by Western Dairies Co., an ice-cream company.

Instructions: Journalize the entries to record the transactions. Narratives may be omitted.

Optional: ALL correct narratives provided = 3 extra points

Total 42 points total with no narratives given

June 15. Sold merchandise on account to Carry Co. for $18,800. The cost of merchandise sold was $11,800.

June 21. Loaned $19,000 cash to Den Doe, receiving a 30-day, 8% note.

June 25. Received from Carry Co. the amount due on the invoice of June 15.

July 21. Received the amount due from Den Doe for the note dated June 21.

Oct. 14. Accepted a 30-day, 6% note for $25,000 from Glen Co. on account.

Nov. 13. Glen Co. dishonored their note dated October 14.

Dec. 28. Received from Glen Co. the amount owed on the dishonored note, plus interest of 45 days at

8% computed on the maturity value of the note.

Dec 29. Accepted a 60-day, 6% note for $30,000 from Bay Co. on account.

Dec 31. Record the accrued interest on Bay Co. note.

______ Received the amount due from Bay Co. on the note of December 29. State the correct date needed for this transaction.