I'm having a really hard time figure out cash and loss on sale of notes receivable!

7 Exercise 7-28 (Algo) Receivables; transaction analysis (L07-3, 7-5, 7-6, 7-7, 7-8] 14.28 points Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2021: Mar. 17 Accounts receivable of $3,400 were written off as uncollectible. The company uses the allowance method. 30 Loaned an officer of the company $39,000 and received a note requiring principal and interest at 7% to be paid on March 30, 2022. May 30 Discounted the $39,000 note at a local bank. The bank's discount rate is 83. The note was discounted without recourse and the sale criteria are met. June 30 Sold merchandise to the Blankenship Company for $29,000. Terms of the sale are 2/10, n/30. Weldon uses the gro33 method to account for cash discounts. July 8 The Blankenship Company paid its account in full, Aug. 31 Sold stock in a nonpublic company with a book value of $6,700 and accepted a $8,400 noninterest-bearing note with a discount rate of 83. The $8,400 payment is due on February 28, 2022. The stock has no ready market value. Dec. 31 Weldon estimates that the allowance for uncollectible accounts should have a balance in it at year-end equal to 3% of the gro33 accounts receivable balance of $960,000. The allowance had a balance of $29,000 at the start of 2021. Required: 1 & 2. Prepare journal entries for each of the above transactions and additional year-end adjusting entries indicated. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to nearest whole dollar.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 March 17, 2021 3,400 Allowance for uncollectible accounts Accounts receivable 3,400 2 39,000 March 30, 2021 Notes receivable Cash 39,000 3 May 30, 2021 OO OO OOOOOO Interest receivable Interest revenue 455 455 4 May 30, 2021 42,640 X 250 X Cash Loss on sale of notes receivable Interest receivable Notes receivable 455 39,000