Information on Flint Corporation, which reports under ASPE, follows:

July 1		Flint Corporation sold to Carla Vista Co. merchandise having a sales price of $9,600, terms 2/10, n/60. Ignore cost of goods sold entry.
3		Carla Vista Co. returned defective merchandise having a sales price of $700. The merchandise was not saleable and was scrapped.
5		Accounts receivable of $18,900 are factored with Bramble Corp. without recourse at a financing charge of 9%. 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 $11,100 at a finance charge of 3% of the loan amount plus 9% interest on the outstanding balance. Flint 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		Carla Vista Co. notifies Flint 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.

Prepare all necessary journal entries on Flint Corporation's books. (Credit account titles are automatica "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the orde Date Account Titles and Explanation Debit Credit 7/1 Accounts Receivable 9408 Sales Revenue 9408 > 7/3 Sales Returns and Allowan 700 Accounts Receivable 18900 X 7/9