Marienau Suppliers had the following transactions:

Mar. 1 Sold merchandise on account to G. Perez $5,000.

20 G. Perez gave a $5,000, 90-day, 6% note to extend time for payment.

30 G. Perez's note is discounted at Commerce Bank at a discount rate of 8%.

Apr. 20 Received a $3,000, 60-day, 6% note from D. Larson in payment for sale of merchandise.

May 5 D. Larson's note is discounted at Commerce Bank at a discount rate of 7%.

June 19 D. Larson's note is dishonored. The bank bills Marienau for the maturity value of the note plus a $40 bank fee.

July 31 D. Larson's dishonored note is collected; Larson pays Marienau the maturity value of the note, the $40 bank fee, and interest at 6% on the maturity value plus the bank fee.

Aug. 1 Sold merchandise on account to A. Bauer $5,600.

12 A. Bauer paid $400 and gave a $5,200, 30-day, 5% note to extend time for payment.

Sept. 11 A. Bauer paid $400, plus interest, and gave a new $4,800, 60-day, 6% note to extend time for payment.

26 A. Bauer's note is discounted at Commerce Bank at a discount rate of 7.5%.

Nov. 10 A. Bauer's note is dishonored. The bank bills Marienau for the maturity value of the note plus a $40 bank fee.

Dec. 15 A. Bauer's dishonored note is collected. Bauer pays Marienau the maturity value of the note, the $40 bank fee, and interest at 6% on the maturity value plus the bank fee.

REQUIRED

Record the transactions in a general journal.