Information on Bramble Corp., which reports under ASPE, follows: July 1 Bramble Corp. sold to Cullumber Company merchandise having a sales price of $9,300, terms 2/10,n/60. Ignore cost of goods sold entry. 3 Cullumber Company returned defective merchandise having a sales price of $800. The merchandise was not saleable and was scrapped. 5 Accounts receivable of $18,900 are factored with Indigo Corp. without recourse at a financing charge of 10% Cash is received for the proceeds and collections are handled by the finance company. 9 Specific accounts receivable of $19,700 (gross) are pledged to Landon Credit Corp. as security for a loan of $10,000 at a finance charge of 2% of the loan amount plus 10% interest on the outstanding balance, Bramble will continue to make the collections. All the accounts receivable pledged are past the discount period and were originally subject to a 2% discount. Dec. 29 Cullumber Company notifies Bramble that it is bankrupt and will be able to pay only 10% of its account. Give the entry to write off the uncollectible balance using the allowance method. (a) Prepare all necessary journal entries on Bramble Corp's books. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation - Equipment Advances to Employees Advertising Expense Allowance for Doubtful Accounts Allowance for Sales Returns and Allowances Bad Debt Expense Bank Charges Expense Cash Cash Over and Short Due from Factor Entertainment Expense Equipment Finance Expense Finance Revenue Freight in Freight out Gain on Disposal of Equipment Gain on Disposal of Land Interest Expense Interest Income Interest Receivable Inventory Land Loss on Disposal of Equipment Loss on Disposal of Land Loss on Disposal of Receivables Loss on Impairment Miscellaneous Expense No Entry Notes Payable Notes Receivable Office Expense Petty Cash Postage Expense Prepaid Expenses Purchase Discounts Recourse Liability Refund Liability Rent Expense Sales Discounts Sales Discounts Forfeited Sales Returns and Allowances Sales Revenue Servicing Liability Service Revenue