Journal Entries for Accounts and Notes Receivable Dalmus, Inc., began business on January 1 Several transactions for the year follow Received a $31.900 day, ten percent note on account from the skins May Company Received from skins for note plus interest Received a 57.000 120 day. Ten percent note from Lon Company on account DE 30 Longed to pay Wrote of Longo's account uncollectible Daimuste uses the Dec. 9 allowance method of providing for credit losses Received a $45.000 day in percent Dec 11 rate from it. Canal on account Recorded egeted credit losses for the year by an adjusting y The low Dec 31 for Doubtful Accounts as a deb belance of $91,600 as a result of accounts written offung is first year. Analysis of aged accounts receivables indicates that the desired balance of the allowance account $14,100 Made the propriate justing entries Dec 31 forest Required Record the foregoing transactions and adjustments in general journal form Use 360 days for at interest calculations. Round all interest Income calculations to the nearest dolar) Genere Date Description May 2 Received a 60-day 10 percentate in par Notes Receivable Hans Company To record collection of principal and intere Received a 1204.10 percent otin Day Oct 30 Notes Receivablet Company To record dishonoring of rite by R. Longo Wrote af R. Longo's account Dec 11 Received a 90 day percent rate an acco Dec 31 To record lowance for our accounts Dec 31 Toast income on December 11 Journal Entries for Accounts and Notes Receivable Dalmus inebegan tussen january Several transactions for the year follow May Company Moram logo Component Oct 10 ore Delo wing for Detta Canton Det 550.000 witte of thy 400 Dec 31 forest Required Record the foregoing transactions and adjustments in general journal form.(Use 360 days for a realitations. Sound all interest Income on to the nearest dolar) Genere Date Description May 2 telpa MI daw Ng Company Torby tel. Lors Dec Women Dec