1) Journalize the transactions.( Omit cost of goods sold entries.)

On January 1, 2020, Oriole Company had Accounts Receivable $142,700, Notes Receivable $37,200, and Allowance for Doubtful Accounts $26,900. The note receivable is from Willingham Company. It is a 4-month, 9% note dated December 31, 2019, Oriole Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred. Sold $31,800 of merchandise to Sheldon Company, terms n/15. Accepted Sheldon Company's $31,800, 3-month, 8% note for balance due. Sold $21,600 of merchandise to Patwary Company and accepted Patwary's $21,600, 6- Jan. 5 20 Feb. 18 month, 9% note for the amount due Collected Sheldon Campany note in full. Apr. 20 30 Received payment in full from Willingham Company on the amount due May 25 Accepted Potter Inc.'s $18,000, 3-month, 7% note in settlement of a past-due balance Aug. 18 Received payment in full from Patwary Company on note due. on account. The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated Sold $12,500 of merchandise to Stanbrough Company and accepted a $12,500, 6- month, 10% note for the amount due. 25 Sept. 1 Debit Credit Date Account Titles and Explanation | |Accounts Receivable . Sales Revenue 318001 [ an. 5 31800 31800 Jan. 20 Notes Receivable Accounts Receivable 31800 21600 Feb. 18 Notes Receivable 21600 Sales Revenue Apr. 20Cash Interest Revenue Notes Receivable 31800 Apr. 30 Cash Interest Revenue Notes Receivable Notes Receivable Accounts Receivable May 25 Aug. 18 Cash Interest Revenue Notes Receivable Aug. 25 Accounts Receivable Interest Revenue Notes Receivable Sept. 1 Notes Receivable Sales Revenue