Question: When required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. Assume 360 days in a

 When required, enter amounts to the nearest cent. If an amountbox does not require an entry, leave it blank. Assume 360 days

When required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. Assume 360 days in a year. 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.Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20-- Mar. 1 N W 20 30 OUT 0 1000 00 10 1 Apr. 20 11 .2 12 13 13 14 May 5 14 15 6 16 17 8 June 19 1000 00 000 00 00 15 17 18

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