On January 1, 2014, Oswalt Company had Accounts Receivable of $68,600 and Allowance for Doubtful Accounts of $3,800. Oswalt Company prepares financial statements annually. During the year, the following selected transactions occurred.

1.		Jan. 5		Sold $5,000 of merchandise to Ross Company, terms n/30.
2.		Feb. 2		Accepted a $5,000, 4-month, 10% promissory note from Ross Company for balance due.
3.		12		Sold $10,500 of merchandise to Cano Company and accepted Cano