l U d balances Made sales of $900 on Mastel is 3%. sales charges Oct. 7 Made ae the Holt note has been dishonored. (Assun 12 Added $460 to Farwell customer balances for finance Received payment in Received notice that 15 5 Received payment in full from K. Goza Inc. o 24 expected to pay in the future.) usting entry for Instructions (a) Journalize the October transactions and the October 31 adj interest receivable. es332585 (c) Show the balance sheet presentation of the receivable accounts at October 31 tosP9-7A On January 1, 2014, Harter Company had Accounts Receivable $139,000, N aios Receiva vable ( (b) Enter the balances at October 1 in the receivable accounts. Post the entries to all of receivable accounts. Receivable $25,000, and Allowance for Doubtful Accounts $13,200. The note receivt from Willingham Company. It is a 4-month, 9% note dated December 31, 201 year, the Com pany prepares financial statements annually at December 31. During the following selected transactions occurred. Jan. 5 Sold $20,000 of merchandise to Sheldon Company, terms n/15. 20 Accepted Sheldon Company's $20,000, 3-month, 8% note for balance due -/ Feb. 18 Sold $8,000 of merchandise to Patwary Company and accepted Patwary's $8,000, 6-month, 9% note for the amount due Apr 20 Collected Sheldon Company note in full. Received payment in full from Willingham Company on the amount due. Accepted Potter Inc.'s $6,000, 3-month, 7% note in settlement of a past-due balance on account. Received payment in full from Patwary Company on note due. The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated. Sold $12,000 of merchandise to Stanbrough Company and accepted a $12,000, 6-month, 10% note for the amount due. 30 May 25 Aug. 18 25 Sept. 1 Instructions Journalize the transactions. mber 31,2013,0bermeyer Imports reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts During 2014, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances $250,000 15,000 $2,600,000 45,000