Water Closet Co. wholesales bathroom fixtures. During the current year ending December 31, Water Closet received the following notes:

	Date	Face Amount	Term	Interest Rate
1.	Mar. 6	$75,000	60 days	4%
2.	Apr. 7	40,000	45 days	6%
3.	Aug. 12	36,000	120 days	5%
4.	Oct. 22	27,000	30 days	8%
5.	Nov. 19	48,000	90 days	3%
6.	Dec. 15	72,000	45 days	5%

JOURNAL

ACCOUNTING EQUATION

Score: 91/99

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1	Jan. 29	Cash		72,450
2		Notes Receivable			72,000
3		Interest Receivable			__________
4		Interest Revenue			__________
5	Feb. 17	Cash		48,360
6		Notes Receivable			48,000
7		Interest Receivable			__________
8		Interest Revenue			__________