$139,000, Note P8-7A On January 1, 2019, Harter Company had Accounts Receivable Receivable $25,000, and Allowance for Doubtful Accounts $13,200. The note receivable from Willingham Company. It is a 4-month, 9% note dated December 31, 2018, Harter Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred. is 5 20 Sold $20,000 of merchandise to Sheldon Company, terms n/15. Accepted Sheldon Company's $20,000, 3-month, 8% note for balance due. Jan. Feb. 18 Sold $8,000 of merchandise to Patwary Company and accepted Patwary's Apr 20 May 25 Aug. 18 Received payment in full from Patwary Company on note due. $8,000, 6-month, 9% note for the amount due. Collected Sheldon Company note in full. Received payment in full from Willingham Company on the amount due. Accepted Potter Inc.'s $6,000, 3-month, 7% note in settlement of a past-due balance on account. 30 The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated Sold $12,000 of merchandise to Stanbrough Company and accepted a $12.,000, 6-month, 10% note for the amount due. 25 Sept. 1 Instructions Journalize the transactions. (Omit cost of goods sold entries.)