On January 1, 2019, Tirta Company had Account Receivables $91,000 and Allowance for Doubtful Accounts $8,100. Tirta Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred. Instruction: a. Journalize the transactions.

Jan. 5 Sold $8,400 of merchandise to Patrick Company, terms n/30. Feb. 2 Accepted an $8,400, 4-month, 10% promissory note from Patrick Company for the balance due. 12 Sold $13,500 of merchandise to Marguerite Company and accepted Margue- rite's $13,500, 2-month, 10% note for the balance due. 26 Sold $7,000 of merchandise to Felton Co., terms n/10. Apr 5 Accepted a $7,000, 3-month, 8% note from Felton Co. for the balance due. 12 Collected Marguerite Company note in full. June 2 Collected Patrick Company 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 $14,000 of merchandise to Planke Co. and accepted Planke's $14,000, 3-month, 12% 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