EB$16.9\mathrm{.}6$ Element Surfboards issued a $$210,800$ note on January $1,2018$ to a customer,

Leona Marland, in

exchange for merchandise. Terms of the note are $9-$month maturity date on October $1,2018$

at a $10\mathrm{.}2\%$ annual

interest rate. Leona Marland does not pay on her account and dishonors the note. On

December $2,2018,$

Element Surfboards decides to sell the dishonored note to a collection agency for $30\%$ of its

value. Record the

journal entries for Element Surfboards for the following transactions.

A$.$ Initial sale on January $1,2018$

B$.$ Dishonored note entry on October $1,2018$

C$.$ Receivable sale on December $2,2018$