1.Accounts receivable of $1,700 were written off as uncollectible. The company uses the allowance method.

2.Loaned an officer of the company $20,000 and received a note requiring principal and interest at 7% to be paid on March 30, 2025.

3.Record the accrued interest revenue on the discounted note.

4.Record the cash received on the discounted note.

5.Sold merchandise to the Blankenship Company for $12,000. Terms of the sale are 2/10, n/30. Weldon uses the gross method to account for cash discounts.

6.The Blankenship Company paid its account in full.

7.Sold stock with a book value of $5,000 and accepted a $6,000 noninterest-bearing note with a discount rate of 8% due on February 28, 2025.

8.To record the accrual of interest earned on note receivable.

9.To record the accrual of bad debt expense.

Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2024: Karch 17 . Accounts recelvable of $1,70 were written off as uncollectible. The cospany uses the allowance nethod. March 30 Loancd an officer of the cospany $20,000 and received a hote requiring principal and interest ot 7x to be paid on karch 3a, 2025 . May 30 Discounted the $20, eog note at a 10ral benk. The bank's discount rate is ax. The note was discounted inthout recourse and the sale criteria sre net. Juhe 30 sold nerchandise to the Blarkenship compay for 312 , 00e. Terms of the sale are 2/10, D/30. Weldon uses the gross method to account for cash discounts. July of The Biankenship conpany paid its occount is full. Decenber 31 Weldon estinates that the allowance for uncollectiole accounts should have i balance in it at year.end equal to 2x of Required: 1\& 2. Prepare journal enties for each of the above transoctions and add iorial yedr-end adjusting entries indicated. Note: If no entry is required for a transection/event, select "No journel entry required" in the first sccount field. Do not round intermediste colculetions and round your final answers to nesrest whole dollar