On January 1, 2022, Blue Spruce Corp. had Accounts Receivable of $50,200 and Allowance for Doubtful Accounts of $3,600. Blue Spruce Corp. prepares financial statements annually. During the year, the following selected transactions occurred:

Jan. 5 Sold $3,300 of merchandise to Rian Company, terms n/30.

Feb. 2 Accepted a $3,300, 4-month, 8% promissory note from Rian Company for balance due.

12 Sold $11,700 of merchandise to Cato Company and accepted Catos $11,700, 2-month, 10% note for the balance due.

26 Sold $5,000 of merchandise to Malcolm Co., terms n/10.

Apr. 5 Accepted a $5,000, 3-month, 9% note from Malcolm Co. for balance due.

12 Collected Cato Company note in full.

June 2 Collected Rian Company note in full.

15 Sold $2,200 of merchandise to Gerri Inc. and accepted a $2,200, 6-month, 13% note for the amount due.

On January 1, 2022, Blue Spruce Corp. had Accounts Receivable of $50,200 and Allowance for Doubtful Accounts of $3,600. Blue Spruce Corp.prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $3,300 of merchandise to Rian Company, terms /30. Feb. 2 Accepted a $3,300, 4-month, 8% promissory note from Rian Company for balance due. 12 Sold $11.700 of merchandise to Cato Company and accepted Cato's $11,700, 2-month, 10% note for the balance due. 26 Sold $5,000 of merchandise to Malcolm Co., termsn/10. Apr. 5 Accepted a $5,000, 3-month. 9% note from Malcolm Co.for balance due. 12 Collected Cato Company note in full. June 2 Collected Rian Company note in full. 15 Sold $2.200 of merchandise to Gerri Inc. and accepted a $2,200,6-month, 13% note for the amount due