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On January 1, 2017, Waterway Industries had Accounts Receivable of $53,500 and Allowance for Doubtful Accounts of $3,800. Waterway Industries prepares financial statements annually. During the year, the following selected transactions occurred:

Jan. 5 Sold $3,200 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $3,200, 4-month, 9% promissory note from Rian Company for balance due. 12 Sold $12,180 of merchandise to Cato Company and accepted Catos $12,180, 2-month, 10% note for the balance due. 26 Sold $12,500 of merchandise to Malcolm Co., terms n/10. Apr. 5 Accepted a $12,500, 3-month, 7% note from Malcolm Co. for balance due. 12 Collected Cato Company note in full. June 2 Collected Rian Company note in full. 15 Sold $1,900 of merchandise to Gerri Inc. and accepted a $1,900, 6-month, 13% note for the amount due.

Journalize the transactions. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date Account Titles and Explanation Debit Credit Choose a transaction date Jan. 5 Feb. 2 Feb. 12 Feb. 26 Apr. 5 Apr.12 June 2 June 15 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Jan. 5 Feb. 2 Feb. 12 Feb. 26 Apr. 5 Apr.12 June 2 June 15 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Jan. 5 Feb. 2 Feb. 12 Feb. 26 Apr. 5 Apr.12 June 2 June 15 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Jan. 5 Feb. 2 Feb. 12 Feb. 26 Apr. 5 Apr.12 June 2 June 15 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Jan. 5 Feb. 2 Feb. 12 Feb. 26 Apr. 5 Apr.12 June 2 June 15 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Jan. 5 Feb. 2 Feb. 12 Feb. 26 Apr. 5 Apr.12 June 2 June 15 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Jan. 5 Feb. 2 Feb. 12 Feb. 26 Apr. 5 Apr.12 June 2 June 15 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Jan. 5 Feb. 2 Feb. 12 Feb. 26 Apr. 5 Apr.12 June 2 June 15 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount

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