P9.7A Prepare entries for various receivable transactions. LO 1. 2.3) On Sanuary 1, 2020, Harter Company had Accounts Receivable $139,000, Notes Receivable $25,000, and Allowance for Doubtful Accounts $13,200. The note receivable is from Willingham Company. It is a 4 month, 9% note dated December 31, 2019 Harter Company prepares financial statements annually at December 31, During the year, the following selected transactions occurred Jan. 5 Sold $20,000 of merchandise to Sheldon Company, terms n/15. 20 Accepted Sheldon Company's S20.000, 3-month, 8% note for balance due. Sold S8,000 of merchandise to Pat ary Company and accepted Patwary's $8,000, 6 month, 9% note for the amount due. Collected Sheldon Company note in full. Feb. 18 20 30 Received payment in full from Willingham Company on the amount due. 25 18 25 Apr. Accepted Potter Inc.'s S6,000. 3-month, 7% note in settlement of a past-due balance on account. Received payment in full from Patwary Company on note due. The Potter Inc. note was dishonored. Potter Inc, is not bankrupt; future payment is anticipated. Sold $12,000 of merchandise to Star brough Company and accepted a si 2,000, 6-month, l 0% note for the amount due. May Aug. Sept. 1