On January 1, 2012, Pierre Company had Accounts Receivable $139,000, Notes Receivable $25,000, and Allowance for Doubtful Accounts $13,200. The note receivable is from Stacy Richter Company. It is a 4-month, 12% note dated December 31, 2011. Pierre Company prepares financial statements annually. During the year, the following selected transactions occurred.

Jan.     5 Sold $20,000 of merchandise to Bernard Company, terms n/15.
         20 Accepted Bernard Company’s $20,000, 3-month, 9% note for balance due.
Feb.  18 Sold $8,000 of merchandise to LaBamba Company and accepted LaBamba’s $8,000, 6-month, 9% note for the amount due.
Apr.  20 Collected Bernard Company note in full. 30 Received payment in full from Stacy Richter Company on the amount due.
May  25 Accepted Cloppy Inc.’s $4,000, 3-month, 7% note in settlement of a past-due balance on account.
Aug.  18 Received payment in full from LaBamba Company on note due. 25 The Cloppy Inc. note was dishonored. Cloppy Inc. is not bankrupt; future payment is anticipated.
Sept.    1 Sold $12,000 of merchandise to Bessie Lou Company and accepted a $12,000, 6-month, 10% note for the amount due.

Instructions
Journalize the transactions.