entries for the following transactions of Viking suming they use the allowance method to account for uncollectible accounts. Sold $2,500 of merchandise to Arthur Co., receiving an 8%, 90-day, $2,500 note. Wrote off $1,500 owed by Network Co. Received a S6.000, 5%, 30-day note receivable from Calvin Co. as exchange for its S6,000 account receivable. Apr 1 15 30 May June July 30 The note received from Calvin on April 30 was collected in full. 30 Arthur Co. Was unable to pay the note on the due date 15Network Co. paid $1,000 of the amount written off on April 15