On January 1, 2025, Sandhill Company had Accounts Receivable of $49,900 and Allowance for Doubtful Accounts of $3,500. Sandhill Company prepares financial statements annually. During the year, the following selected transactions occurred. Jan. 5 Sold $3,450 of merchandise to Rian Company, terms n/30. Feb, 2 Accepted a $3,450,4-month, 8% promissory note from Rian Company for balance due. 12 Sold $11,800 of merchandise to Cato Company and accepted Cato's $11,800,2-month, 12% note for the balance d 26 Sold $5,300 of merchandise to Malcolm Co., terms n/10. Apr, 5 Accepted a \$5,300, 3-month, 8% 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, 11% note for the amount due. entry is reouired, select "No Entry" for the ocosunt thitis and enter o for the amounts