Problem 8-6A On January 1, 2017, Waterway Industries had Accounts Receivable of $53,500 and Allowance for Doubtful Accounts of $3,800. Waterway Industries prepares financial statements annually. During the year, the following selected transactions occurred an. 5 Sold $3,200 of merchandise to Rian Company, terms n/30 Feb. 2 Accepted a $3,200, 4-month, 9% promissory note from Rian Company for balance due. 12 sold $12,180 of merchandise to Cato Company and accepted Cato's $12,180, 2-month, 10% note for the balance due 26 Sold $12,500 of merchandise to Malcolm Co., terms n/10. 12 Collected Cato Company note in full 15 Sold $1,900 of merchandise to Gerri Inc. and accepted a $1,900, 6-month, 13% note for the amount due. Apr. 5 Accepted a $12,500, 3-month, 796 note from Malcolm Co. for balance due. June 2 Collected Rian Company note in full. Journalize he transactions. Omit cost of goods sold entries. (Credit account titles are automatica yi dente Record journal entries in the order presented in the problem. when a n unts entere D ntinden manua