The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company: Jan. 21.Sold merchandise on account to Black Tie Co., $28,000. The cost of merchandise sold was $16,800.
Mar. 18.Accepted a 60-day, 6% note for $28,000 from Black Tie Co. on account.
May 17.Received from Black Tie Co. the amount due on the note of March 18.
June 15.Sold merchandise on account to Pioneer Co. for $17,700, net/30. The cost of merchandise sold was $10,600.
21.Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note.
25.Received from Pioneer Co. the amount due on the invoice of June 15.
July 21.Received the interest due from JR Stutts and a new 60-day, 9% note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account.)
Sept. 19.Received from JR Stutts the amount due on her note of July 21.
22.Sold merchandise on account to Wycoff Co., $20,000. The cost of merchandise sold was $12,000.
Oct. 14.Accepted a 30-day, 6% note for $20,000 from Wycoff Co. on account.
Nov. 13.Wycoff Co. dishonored the note dated October 14.
Dec. 28.Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 45 days at 8% computed on the maturity value of the note.
Required
Journalize the entries to record the transactions.

Ido not understand this project overview agricultural commodities are bought and sold through the stock exchange. the price of commodities changes all the time. investors buy many agricultural commodities before they are ready for shipping. when an investor buys an agricultural commodity that is going to be ready in the future, they call this purchasing futures. this might be a future crop, meat that has not yet been processed, or another type of agricultural commodity. for this project, you will have to decide how to spend $10,000. research the new york stock exchange. find one or more agricultural commodities that you are interested in. remember, it may be listed as a future crop. instructions identify the agricultural commodities that you think have the best chance of going up in price. think about what is going on with supply and demand. decide how you will spend your money. you may purchase only agricultural commodities. check the market every day for a week. record the price of your commodity or commodities each day. you may buy or sell your commodities at any time during the week. you may sell your commodities and buy different ones. feel free to experiment with the $10,000 by buying and selling commodities, but make sure to keep a careful record of your activities. at the end of the week, you will write a report on your investments. this report should be structured to include this information: page 1: explain how the stock market works. page 2: list all commodities purchased. describe each in detail. discuss why you selected these commodities. remember, they must be agricultural. page 3: create a chart or graph to illustrate the price of your commodity or commodities over the week’s time. list all of your activity buying and selling. make sure you include prices and details. page 4: write a summary of your experience. describe what you might do differently if you were using actual money. propose potential reasons why the price of each commodity may go up or down.