Problem 3-06A On January 1, 2022, Kingbird, Inc. had Accounts Receivable of $49,900 and Allowance for Doubtful Accounts of $3,500. Kingbird, Inc. prepares financial statements annually. During the year, the following selected transactions occurred: Jan 5 Sold $3,450 of merchandise to Rian Company, terms n30. Feb. 2 Accepted a $3,450, 4-month, 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, 9 note for the balance due 26 Sold 35 300 of merchandise to Malcolm Co., terms n/10. Apr. 5 Accepted a $5,300, 3-month, 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 GerriInc. and accepted a $2,200, 6-month, 11% note for the amount due. Journalize the transactions. (Omit cost of goods sold entries.) (Credit accountries are automatically indented when amount is entered. Do not indent manually Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit x Your answer is incorrect. Try again. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable 16049 Ending balance in Allowance for Doubtful Accounts 13270 SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 1 of 3 used SAVE FORL The parts of this question must be completed in order. This part will be available when you complete the part above