On January 1, 1998, Comaneci Company had Accounts Receivable \(\$ 54,200\) and Allowance for Doubtful Accounts \(\$ 4,700\). Comaneci Company prepares financial statements annually. During the year the following selected transactions occurred:

Jan. 5 Sold \(\$ 6,000\) of merchandise to Garth Brooks Company, terms n/30.

Feb. 2 Accepted a \(\$ 6,000\), 4-month, \(12 \%\) promissory note from Garth Brooks Company for balance due.

12 Sold \(\$ 7,200\) of merchandise to Gage Company and accepted Gage's \(\$ 7,200\), 2-month, \(10 \%\) note for the balance due.

26 Sold \(\$ 5,000\) of merchandise to Mathias Co., terms \(\mathrm{n} / 10\).

Apr. 5 Accepted a \(\$ 5,000\), 3-month, \(8 \%\) note from Mathias Co. for balance due. 12 Collected Gage Company note in full.

June 2 Collected Garth Brooks Company note in full.

July 5 Mathias Co. dishonors its note of April 5. It is expected that Mathias will eventually pay the amount owed.

15 Sold \(\$ 3,000\) of merchandise to Tritt Inc. and accepted Tritt's \(\$ 3,000\), 3-month, \(12 \%\) note for the amount due.

Oct. 15 The Tritt Inc. note was dishonored. Tritt Inc. is bankrupt, and there is no hope of future settlement.

\section*{Instructions}

Journalize the transactions.