On January 1, 2020, Ivanhoe Wholesalers had Accounts Receivable 131,000, Notes Receivable 27,600, and Allowance for Doubtful Accounts 16,600. The note receivable is from Pronghorn Company. It is a 4-month, 9% note dated December 31,2019 . Ivanhoe prepares financial statements annually at December 31 . During the year, the following selected transactions occurred. Jan. 5 Sold 21,600 of merchandise to Sheldon Company, terms n/15. 20 Accepted Sheldon's 21,600,3-month, 8% note for balance due. Feb. 18 Sold 10,600 of merchandise to Patwary Company and accepted Patwary's 10,600,6-month, 9% note for the amount due. Apr. 20 Collected Sheldon note in full. 30 Received payment in full from Pronghorn Company on the amount due. May 25 Accepted Potter Inc.'s 7,200,3-month, 7\% note in settlement of a past-due balance on account. Aug. 18 Received payment in full from Patwary on note due. 25 The Potter Inc. note was dishonored. Potter is not bankrupt; future payment is anticipated. Sept. 1 Sold 12,000 of merchandise to Stanbrough Company and accepted a 12,000,6-month, 10\% note for the amount due. Journalize 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.)