On January 1,2022, Sunland Company had Accounts Receivable $139.500. Notes Receivable $38,400, and Allowance for Doubtful Accounts $26,600. The note receivable is from Willingham Company. It is a 4-month, 8% note dated December 31,2021 . Sunlinnd Company prepares financial statements annually at December 31. During the yeac, the following selected transactions occurred. Jan. 5 Sold $33.200 of merchandise to Sheldon Company, terms n/15. 20 Accepted Sheldon Compary's $33,200,3-month 78 note for bulance due. Feb.18 Sold $18,500 of merchandise to Patwary Company and accepted Patwarys $18,500,6-month, 8% note for the amount due. Apr. 20:- Collected Sheldon Comparry note in fult. 30 Recelved payment in full from Willingham Company on the amount due. May 25 Accepted Potter Incis $19,200,3 - month, 6\% note in settlement of a past due balance on account. Aug 18 Recetved payment in full from Patwary Company on note due. 25 The Potter Inc, note was dishonored. Potter inc. is not bankrupt: future parment is anticipated. Sept. 1 Sold $11,700 of merchandise to Stanbrough Company and accepted a $11,700,6-month, 9x note for the amount due. Date Account Titles and Explanation Debit Credit sin5 Accounts Receivable 33200 Sules Revenue 33200 tan20 Notes Recelvable 33200 Accounts Riccelvable 33200 reb 16 Noter Receivable 18500 Sales Revenue 18500 Apr.20: Cash Notes Receivably Interest Revenue I Apeso: Cash Notes Receivable Interest Revenue Mar25: Notes Receivable Accounts finceivable Aue 18 : Cash Interest Revenue Mar25: Notes Receivable Accounts Receivable Auc 18: Cash Notes Receivable Interest Revenue Aug 25 Accounts Receivable Notes Receivabie Interest Revenue sept1: Notes Reccivable Sales Revenue