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for Accounts a skateboards, which it usually sells to small sporting goods Hawthorn Company is a wholesaler of skateboards, which it usually sells to small sportion during stores. Hawthorn had the following jelected accountes for Hawthorn to record these transactions. [Note: 207 and 20X8. Prepare the journal entries for Hawthom to rects, and it had other transactions that are not included here.] Space is provided on the next two pages for your answers. Please leave a blank line between journal entries. You may omit explanations. 1. On March 5,207 Hawthorn sold merchandise on account to ABC Outfitters for $5,000. The cost of the merchandise to Hawthorn was $3,000. 2. On March 27, 20X7 Hawthorn received $2,500 and a $10,000 note from Boro Sports Outlet in exchange for merchandise that sells for $12,500. The note bears interest at 10% and is due in 90 days. The cost of the merchandise to Hawthorn was $7,100. 3. On April 5,207 Hawthorn accepted a $5,000,8%,180 day note from ABC Outfitters in payment of the account receivable from the March 5th sale. 4. On June 7, 20X7 Hawthom wrote-off an account receivable of $1,200 from Sport World. 5. On June 19,207 the company made credit card sales of $6,800 with a 4% transaction fee. The cash was transferred immediately into the company's bank account. The cost of the merchandise sold was $3,700 to Hawthorn. 6. On June 25,207 Hawthorn received payment for the note receivable from Boro Sports Outlet (from March 27t ). Boro Sports Outlet honored the note, paying the note and all interest in full. 7. On Oct. 2, 20X7 ABC Outfitters dishonored their note from April 5th. 8. On Nov. 16, 20X7 Hawthorn received $4,000 and a $8,200,6%,120 day note from Kennedy Company in payment of an account receivable balance. 9. On Nov, 23, Hawthorn unexpectedly received a \$1,200 payment from Sport World for the account that was written off on June 7. 10. Prepare any necessary entry for Hawthorn as of December 31,207 related to the Nov. 16th note from Kennedy Company. 11. On March 16, 20X8, Kennedy honored the note from Nov. 16th paying the note and interest in full

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