Lancaster, Inc., began business on January 1. Certain transactions for the year follow:

|Jun. 8|Received an $18,000, 60-day, 8% note on account from R. Elliot

|Aug. 7|Received payment from R. Elliot on her note (principal plus interest)

|Sep. 1|Received a $21,000, 120-day, 9% note from B. Shore Company on account

|Dec. 16|Received a $17,000, 45-day, 10% note from C. Judd on account

|Dec. 30|B. Shore Company failed to pay its note

|Dec. 31|Wrote off B. Shore's account as uncollectible. Lancaster, Inc., uses the allowance method of providing for credit losses

|Dec. 31|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 $25,600. An analysis of aged receivables indicates that the desired balance of the allowance account should be $22,500

|Dec. 31|Made the appropriate adjusting entries for interest

Required:

Record the foregoing transactions and adjustments in general journal form.

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