Problem 8-6A On January 1, 2014, Oswalt Company had Accounts Receivable of $58,000 and Allowance for Doubtful Accounts of $4,800. Oswalt Company prepares financial statements annually. During the year, the following selected transactions occurred. 1. Jan. 5 Sold $7,000 of merchandise to Ross Company, terms n/30. 2. Feb. 2 Accepted a $7,000, 4-month, 9% promissory note from Ross Company for balance due. 3. 12 Sold $19,500 of merchandise to Cano Company and accepted Canos $19,500, 2-month, 12% note for the balance due. 4. 26 Sold $7,500 of merchandise to Meachum Co., terms n/10. 5. Apr. 5 Accepted a $7,500, 3-month, 11% note from Meachum Co. for balance due. 6. 12 Collected Cano Company note in full. 7. June 2 Collected Ross Company note in full. 8. 15 Sold $5,000 of merchandise to Glanvile Inc. and accepted a $5,000, 6-month, 11% note for the amount due. Journalize the transactions. (Round answers to 0 decimal places, e.g. 825. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8. Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER