On January 1,2017,Sunland SA had Accounts Recelvable 85,510 and llowance for Doubtful Accounts 9,300. Sunland prepares finandial 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. 6. 2 12 sold 12,000 of merchandise to Marguerite SA and accepted Marguerite's 12,000, 2-month, 5% note for the balance due. 26 Sold 5,200 of merchandise to Felton Co. Apr. 5 Accepted a 5,200, 3-month, 6% note from Felton Co. for the balance due. , terms n/10. 12 Collected Marguerite note in full June 2 Collected Patrick note in full July 5 Felton Co. dishonors its note of April 5It is expected that Felton will eventually pay the amount owed. Oct. 15 Planke Co.'s note was dishonored. Planke Co. is bankrupt, and there is no hope of future settlement. ournalize 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 near Sold 11,600 of merchandise to planke Co. and accepted Planke's 11,600, 3-month, g96 note for the amount due. eltor11600 was 15