On January 1, 2017, Culver SA had Accounts Receivable 85,510 and Allowance for Doubtful Accounts 9,300. Culver prepares financial statements annually at December 31. During the year, the following selected transactions occurred. Jan. 5 Sold 10,500 of merchandise to Patrick Co., terms n/30. Feb. 2 Accepted an 10,500, 4-month, 4% promissory note from Patrick for the balance due. 12 Sold 12,000 of merchandise to Marguerite SA and accepted Marguerites 12,000, 2-month, 5% note for the balance due. 26 Sold 5,200 of merchandise to Felton Co., terms n/10. Apr. 5 Accepted a 5,200, 3-month, 6% note from Felton Co. for the balance due. 12 Collected Marguerite note in full. June 2 Collected Patrick note in full. July 5 Felton Co. dishonors its note of April 5. It is expected that Felton will eventually pay the amount owed. 15 Sold 11,600 of merchandise to Planke Co. and accepted Plankes 11,600, 3-month, 9% note for the amount due. Oct. 15 Planke Co.s note was dishonored. Planke Co. is bankrupt, and there is no hope of future settlement. Journalize the transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275. Do not round intermediate calculations.)