Information on Pina Colada Corp, which reports under ASPE, follows: July 1 Pina Colada Corp sold to Blossom Ltd merchandise having a sales price of $9,700, terms 2/10, n/o0- fighore cost of goods sold entry. 3 Blossom returned defective merchandise having a sales price of $700. The merchandise was not saleable and was scrapped. 5 Accounts recetvable of $19,900 are factored with Novak Corp. without recourse at a financing charse of 10 cas Cash is received for the proceeds and collections are handled by the finance company. 9. Specific accounts receivable of \$18,700 are pledged to Landon Credit Corp. as security for a loan of $11,000 at a finance charge of 39 of the loan amount plus 10x interest on the outstanding balance. Pina will contime to malwe the collections. Ali the accounts recelvable pledged are past the discount period and were originally subject to a 2% discount. Dec. 29 Blossom notifies Pina that it is bankrupt and will be able to psy only 10 scof its accolant. Prepare the entry to write off the uncollectible balance using the allowance method. (a) indent manualiy. if no entry is required, select "No Entry" for the occount titkes and enter O for the onsounts. Record journal entrie in the arder presented in the problem. List oll debitentries before credit entries.)