Journal Entries for Accounts and Notes Receivable Pomona, Inc, began business on January 1. Certain transactions for the year follow jurut Heveda 530.000 60 day, six percent note on account from it. Aug 7 Received payment from it. Foton her not inclus interest Sept Received an STR.000 120 day seven percent note from Share Company on account Dec.16 Received a $14.400.45 dayeuh percent note from concent Deco Shore Company fated to pay is not Dec.31 wrote of Shores account as uncleditle Ponomac uses the allowance method of providing for creditores Recorded expected credit losses for the year by an adjusting entry. Account with this test your head debit balance in the lowance for Decores of Dec 24.500 An analysis of gedeeltes indicates that the desired balance of the lowance account should be 2.300 Dec. Made the contextusting entries for interest Support Required Record the foregoing transactions and adjustments in general journal form. (Round all interest income calculations to the nearest dollar) General Journal Date Description Debit Cred un Seveda percentate cu Type here to O 1:19 PM E BUSINICSSCOUTSC n Return to course General Journal Description Debit Credit Date Jun.8 Received a 60-day, 6 percent note on account. > Aug. 7 Notes Receivable-R. Elliot To record receipt of principal plus interest from R. Elliot. Sep. 1 Received a 120 day, 7 percent note on account. Dec. 16 Received a 45-day, 10 percent note on account. Dec. 30 > Notes Receivable--B. Shore Company To record dishonoring of B. Shore Company's note. Dec. 31 0 . To write off B. Shore's account Dec.31 0 Received a 120 day. 7 percent note on account. Dec. 16 Received a 45-day, 10 percent note on account. Dec.30 Notes Receivable-B. Shore Company To record dishonoring of B. Shore Company's note. Dec.31 0 e To write off B. Shore's account. Dec.31 . To record allowance for uncollectible accounts. Dec.31 To accrue interest income on December 16