Journal Entries for Accounts and Notes Receivable Pomona, Inc., began business on January 1. Certain transactions for the year follow juns Beceda 10,000.00 days percent not on account from A Received payment from that on her opinopal plus interest Sep1 Recurvedan 1.000 120 day, seven percent not from Il Shore Company on account Dec. 16 Received a $14.400, 45 day, het percent note from judd on account Dec 30 . Shore Companyated to pay its note. Dec 31 Wrote off Shores account as uncollectible. Ponomaine uses the allowance method of providing for credit losses Recorded expected credit losses for the year by an adjusting entry Accounts written off during this first year have created a debit balance in the Allowance for Doubtful Accounts of 124500, An Dec.31 analysis of aged receivables indicates that the desired balance of the allowance account should be 521,300 Dec.31 Made the appropriate adjusting entries for interest Required Record the foregoing transactions and adjustments in general journal form. (Round all interest income calculations to the nearest dollar) General Journal Description Credit juns Date Debit Received a 60 day, 6 percent note an account. . Aug 7 Notes Receivable R. Elliot To record receipt of principal plus interest from R. Elliot Sep 1 Recewed a 120 day, 7 percent note on account Dec. 16 Received a 45 day, 10 percent note on account Dec 30 Notes Receivable-8. Shore Company To record dishonoring of B. Shore Company's note. Dec 31 To write off Shore's account Dec.31 . To record allowance for uncollectible accounts. Dec.31 . > To accrue interest income on December 16