O PR 8-6 A Sales and notes receivable transactions Obj. 6 The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer sells and installs home and business security systems. A GENERAL LEDGER Jan. 3. 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 goods sold was $14,400. Sold merchandise on account to Dry Creek Co., $60,000. The cost of goods sold was $54,000. Accepted a 60-day, 796 note for $24,000 from Bradford & Co. on Feb. 10. 13. Mar. 12