The following were selected from among the transactions completed by Sorento Co. during the current year. Sorento Co. sells and installs home and business security systems.
Jan. 5. Loaned $17,500 cash to Marc Jager, receiving a 90-day, 8% note.
Feb. 4. Sold merchandise on account to Tedra & Co., $19,000. The cost of the merchandise sold was $11,000.
13. Sold merchandise on account to Centennial Co., $30,000. The cost of merchandise sold was $17,600.
Mar. 6. Accepted a 60-day, 6% note for $19,000 from Tedra & Co. on account.
14. Accepted a 60-day, 9% note for $30,000 from Centennial Co. on account.
Apr. 5. Received the interest due from Marc Jager and a new 120-day, 9% note as a renewal of the loan of January 5. (Record both the debit and the credit to the notes receivable account.)
May 5. Received from Tedra & Co. the amount due on the note of March 6.
13. Centennial Co. dishonored its note dated March 14.
July 12. Received from Centennial Co. the amount owed on the dishonored note, plus interest for 60 days at 12% computed on the maturity value of the note.
Aug. 3. Received from Marc Jager the amount due on his note of April 5.
Sept. 7. Sold merchandise on account to Lock-It Co., $9,000. The cost of the merchandise sold was $5,000.
17. Received from Lock-It Co. the amount of the invoice of September 7, less 1% discount.

Instructions
Journalize the transactions.