On January 1, 2017, Crane Company had Accounts Receivable of $57,600 and Allowance for Doubtful Accounts of $3,900. Crane Company prepares financial statements annually. During the year, the following selected transactions occurred.

Jan. 5		Sold $3,900 of merchandise to Rian Company, terms n/30.
Feb. 2		Accepted a $3,900, 4-month, 10% promissory note from Rian Company for balance due.
12		Sold $13,140 of merchandise to Cato Company and accepted Catos $13,140, 2-month, 10% note for the balance due.
26		Sold $12,400 of merchandise to Malcolm Co., terms n/10.
Apr. 5		Accepted a $12,400, 3-month, 7% note from Malcolm Co. for balance due.
12		Collected Cato Company note in full.
June 2		Collected Rian Company note in full.
15		Sold $2,100 of merchandise to Gerri Inc. and accepted a $2,100, 6-month, 12% note for the amount due.

Date Account Titles and Explanation Debit Credit