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non 17 On January 1, 2020, Ivanhoe Company had Accounts Receivable $126,400, Notes Receivable $45,600, and Allowance for Doubtful Accounts $34,600. The note receivable is

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non 17 On January 1, 2020, Ivanhoe Company had Accounts Receivable $126,400, Notes Receivable $45,600, and Allowance for Doubtful Accounts $34,600. The note receivable is from Willingham Company. It is a 4-month, 9 note dated December 31, 2019. Ivanhoe Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred Jan 5 Sold 540,700 of merchandise to Sheldon Company, terms 115 20 Accepted Sheldon Company's $40,700, 3-month, 8% note for balance due. Feb 18 Sold 29,800 of merchandise to Pawary Company and accepted Patwary's $29,800, 6-month, 9 note for the amount due Apr. 20 Collected Sheldon Company note in full 30 Received payment in from wmingham Company on the amount due May 25 Accepted Potter Inc. 5525,600, 3-month, 7% note in settlement of a post-due balance on account Aug. 18 Received payment in full from Patwary Company on note due 25 The Potter Inc note was dishonored. Potter Inc. is not bankrupts future payment is anticipated Sept. 1 od 11,000 of merchandise to Starbrough Company and accepted a $11,800, 6-month, 10% note for the amount due. Journace the transactions. Omit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Credit

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