Information on Cheyenne Corp., which reports under ASPE, follows:

July 1		Cheyenne Corp. sold to Oriole Company merchandise having a sales price of $ 8,200, terms 2/10, n/60. Ignore cost of goods sold entry.
3		Oriole Company returned defective merchandise having a sales price of $ 600. The merchandise was not saleable and was scrapped.
5		Accounts receivable of $ 20,100 are factored with Culver Corp. without recourse at a financing charge of 8%. Cash is received for the proceeds and collections are handled by the finance company.
9		Specific accounts receivable of $ 19,100 (gross) are pledged to Landon Credit Corp. as security for a loan of $ 10,800 at a finance charge of 3% of the loan amount plus 8% interest on the outstanding balance. Cheyenne 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		Oriole Company notifies Cheyenne 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 Cheyenne Corp.s books.