P $17-11$A $($LO$2/3)$

$$ May $5,$ En$.$ Interest Reve $59\mathrm{.}69$

NOTES RECEIVABLE DISCOUNIING Marienau Suppliers had the following transactions:

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

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

$30$ G$.$ Percz'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 merchandisc.

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 Blank at a discount rate of $7\mathrm{.}5\%.$

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. Baacr 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.