A. On March 9, XYZ Company gave ABC Company a 60-day, 12% promissory note for $3,200. Record the journal entry for the issuance of the note and for the collection of the note and interest. B. Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables: Jan. 19. Sold merchandise on account to XYZ company, $30,000. The cost of the merchandise sold was $20,500. July 7. Received $12,000 from XYZ company and wrote off the remainder owed on the sale of January 19 as uncollectible. Nov. 2. Reinstated the account of XYZ that had been written off on July 7 and received $18,000 cash in full payment