Jan 3 Feb. 10 13 Mar. 12 14 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 Loaned $18.000 cash to Trina Gelhaus receiving a 90-day, 8% note Sold merchandise on account to Bradford & Co $24,000. The cost of the merchandise sold was $14.400 Sold merchandise on account to Dry Creek Co $60,000 The cost of merchandise sold was $54,000 Accepted a 60-day, 7% note for $24,000 from Bradford & Co on account Accepted a 60-day, 9% note for 560,000 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 Received from Trina Galhaus the amount duo on her note of April 3. Oct 5 Sold merchandise on account to Halloran Co. 513,500. The cost of the merchandise sold was $8,100 15 Received from Halloran Co the amount of the invoice of October 5 Aug 1 Jan 3 Feb. 10 13 Mar. 12 14 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 Loaned $18.000 cash to Trina Gelhaus receiving a 90-day, 8% note Sold merchandise on account to Bradford & Co $24,000. The cost of the merchandise sold was $14.400 Sold merchandise on account to Dry Creek Co $60,000 The cost of merchandise sold was $54,000 Accepted a 60-day, 7% note for $24,000 from Bradford & Co on account Accepted a 60-day, 9% note for 560,000 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 Received from Trina Galhaus the amount duo on her note of April 3. Oct 5 Sold merchandise on account to Halloran Co. 513,500. The cost of the merchandise sold was $8,100 15 Received from Halloran Co the amount of the invoice of October 5 Aug 1
